PASADENA, Calif., March 1, 2011 /PRNewswire/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it was awarded the Shannon Catchment Flood Risk Assessment and Management (CFRAM) study, a major study of flooding on the River Shannon, by the Office of Public Works (OPW) in Ireland. The River Shannon is the longest river in Ireland.
Officials did not disclose the contract value.
The study examines options to reduce flood risk, including both structural and non-structural measures, and also takes into account related environmental issues. Structural measures to be considered would involve constructing flood defences or increasing conveyance capacity where appropriate, while the range of non-structural options to be explored includes such measures as the management of water levels and the introduction of flood warning systems.
The Shannon CFRAM study is part of a program being undertaken by the OPW in line with current national flood policy and the European Union Directive on the Assessment and Management of Flood Risk introduced in 2007, which requires that such studies be completed for each catchment by 2015.
Dr. Martin Mansergh, TD, Minister of State at the Department of Finance with special responsibility for the OPW, stated, "The Shannon CFRAM study is expected to, for the first time, identify and examine in detail the causes of flooding throughout the Shannon system and produce an integrated plan of specific measures to address the significant flood risk factors in a proactive and comprehensive way."
In making the announcement, Jacobs Group Vice President Bob Duff stated, "We are very pleased to have been appointed to this significant initiative by the OPW. We look forward to utilizing our considerable breadth of experience in this sector in support of this major study of flooding in Ireland."
Jacobs is one of the world's largest and most diverse providers of technical, professional, and construction services.
Statements made in this release that are not based on historical fact are forward-looking statements. We base these forward-looking statements on management's current estimates and expectations as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from 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 2010 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 do not undertake to update any forward-looking statements made herein.
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SOURCE Jacobs Engineering Group Inc.