Jacobs/Atkins Design Joint Venture Receives M74 Completion Contract

PASADENA, Calif., March 11 /PRNewswire-FirstCall/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it, in joint venture with Atkins, received a contract from Interlink M74 Joint Venture to design and provide construction services for the M74 Completion project in Glasgow, Scotland, estimated to be approximately $900 million in construction cost.

Officials did not disclose the contract value.

This 5-mile project will complete a vital part of Scotland's motorway network, and forms part of a major infrastructure investment in Scotland's transportation network. It will provide a through route from England to the west coast of Scotland, bringing with it benefits of journey time reliability, improved accessibility, and increased new business opportunities while providing integral infrastructure for the 2014 Commonwealth Games.

As a design joint venture, Jacobs and Atkins will provide detailed design services under a design and construct contract to four major U.K. contractors who have formed a consortium to construct the project (Interlink M74 JV).

The project involves constructing a four lane urban highway through brownfield sites with significant highway, rail and river crossings. It includes constructing 12 significant bridges such as a 12 span 700-meter-long steel composite launched bridge across the West Coast Mainline Railway. The project also includes major brownfield site remediation, ground improvements, large diameter piling and providing intelligent transportation systems (ITS) all in a constrained urban site.

In making the announcement on behalf of the design joint venture, Jacobs Group Vice President Michael Higgins stated, "The two companies are delighted to be involved in one of the most prestigious highway projects ever to be delivered in Scotland which will complete a strategic link in the highway network and contribute significantly to the economic growth of central Scotland."

Jacobs, with over 54,000 employees and about $9 billion in revenues, provides technical, professional, and construction services globally.

Any statements made in this release that are not based on historical fact are forward-looking statements. Although such statements are based on management's current estimates and expectations, and currently available competitive, financial, and economic data, forward-looking statements are inherently uncertain. We, therefore, caution the reader that there are a variety of factors that could cause business conditions and results to differ materially from what is contained in our forward-looking statements. For a description of some of the factors which may occur that could cause actual results to differ from our forward-looking statements please refer to our 2007 Form 10-K, and in particular the discussions contained under Items 1 - Business, 1A - Risk Factors, 3 - Legal Proceedings, and 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations. We also caution the readers of this release that we do not undertake to update any forward-looking statements made herein.

For additional information contact:
Mary Bloom
626.578.6992

SOURCE Jacobs Engineering Group Inc.

Web site: http://www.jacobs.com