PASADENA, Calif., Aug. 31 /PRNewswire/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it was awarded an engineering services contract by Valley Metro Rail, Inc. (METRO) for the Central Mesa Light Rail Extension project. Jacobs will provide both preliminary and final engineering services for the Mesa, Ariz. light rail project.
The contract amount is $12.5 million.
The Central Mesa project is a 3.1-mile extension on Main Street from the current light rail end-of-line at Sycamore, through downtown Mesa to Mesa Drive. Collectively, Jacobs' services should take approximately two years to complete and will be followed shortly thereafter by construction. The extension is scheduled for completion in 2016.
In making the announcement, Jacobs Group Vice President Robert Clement stated, "Jacobs is very pleased to be involved in the Central Mesa Light Rail Extension project and proud to support METRO's overall efforts to improve transit in the greater Phoenix area."
Jacobs is one of the world's largest and most diverse providers of technical, professional, and construction services.
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 2009 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.
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SOURCE Jacobs Engineering Group Inc.