DALLAS, Feb. 20, 2019 /PRNewswire/ -- Jacobs (NYSE:JEC), with joint venture partners Arcadis and Ardmore-Roderick, was awarded a six-year contract by the Chicago Transit Authority (CTA) for professional owner's representative services for the Red and Purple Modernization Program (RPM) Phase One project. Phase One of RPM is the largest capital improvement project in CTA's history. The entire RPM program, expected to be completed over multiple phases, will provide much needed capacity in this growing residential corridor to accommodate current and future riders, and to deliver faster and smoother rides with less crowding and more frequent service.
Jacobs will provide program and construction management services in support of the CTA for the RPM Phase One Design-Build. This support includes providing design and construction management, field support and project controls services, safety and security certification oversight, quality assurance, and construction closeout services. CTA estimates the project value at $2.1 billion and major project construction is expected to begin in the second half of 2019.
"This project will significantly improve transit service and support economic development initiatives in communities served by Chicago's busiest 'L' line," said Jacobs Buildings, Infrastructure and Advanced Facilities COO and President Bob Pragada. "With 75 million rides taken on the Red Line each year, Jacobs and our partners will help CTA modernize for the future to meet ridership demands."
RPM Phase One will completely rebuild the Lawrence, Argyle, Berwyn and Bryn Mawr stations and replace all trackwork and elevated supported structures adjacent to the stations. The project will also create the Red-Purple Bypass north of Belmont station and replace the century-old Clark Junction. The new bypass will allow the northbound Brown Line trains to cross up and over the Red and Purple line tracks, eliminating a major bottleneck in CTA's rail infrastructure, improving travel times for commuters through faster and smoother rides with less crowding and more frequent service.
The multi-stage project will completely rebuild the Red Line from Belmont to Howard and the Purple Line from Belmont to Linden in Wilmette.
Jacobs leads the global professional services sector delivering solutions for a more connected, sustainable world. With $15 billion in fiscal 2018 revenue and a talent force of more than 80,000, Jacobs provides a full spectrum of services including scientific, technical, professional and construction- and program-management for business, industrial, commercial, government and infrastructure sectors. For more information, visit www.jacobs.com, and connect with Jacobs on LinkedIn, Twitter, Facebook and Instagram.
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 Form 10-K for the fiscal year ended September 28, 2018, 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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