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AECOM and partners selected as the Preferred Proponent for major works package for Melbourne’s North East Link Program
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Rhea-AI Summary
AECOM (NYSE: ACM) has been named the Preferred Proponent for the North Package of the North East Link Program (NELP) in Victoria, Australia, the state's largest road project. Partnering with Acciona and MACA Civil, AECOM will provide engineering, design, and advisory services. The project aims to enhance traffic flow for over 135,000 vehicles daily and remove 15,000 trucks from residential roads. The North Package includes significant construction and infrastructure upgrades to improve connectivity in Melbourne's northeast.
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Selected as Preferred Proponent for the North East Link Program, enhancing project credibility.
Expected to improve traffic flow for over 135,000 vehicles daily.
Removal of 15,000 trucks from residential roads, benefiting local communities.
Collaborating with renowned partners Acciona and MACA Civil.
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None.
DALLAS--(BUSINESS WIRE)--
AECOM (NYSE: ACM), the world’s trusted infrastructure consulting firm, today announced it has been selected, with partners Acciona and MACA Civil, as the Preferred Proponent to develop a plan to deliver the North Package, a major package of works with the North East Link Program (NELP), Victoria, Australia – the state’s biggest road project and largest ever investment in Melbourne’s north-east. AECOM is expected to provide a range of engineering, design, and advisory services to support the development and delivery of the project.
“We’re excited to be part of a transformative project that will change the way people move around Melbourne and deliver positive outcomes for communities and the environment,” said Richard Barrett, chief executive of AECOM’s Australia and New Zealand region. “Working with the North East Link Program, Acciona and MACA Civil, we look forward to leveraging our diverse skills base, particularly our global sustainability and transportation expertise combined with our digital design capabilities, to develop and deliver this city-shaping project.”
The North Package is one of the North East Link Program’s five major packages. The North East Link Program will provide a safe and efficient freeway connection for more than 135,000 vehicles a day, taking 15,000 trucks off busy residential roads in the northeast of greater Melbourne every day. It will also enhance access to major suburban business and employment centers, improve orbital road connectivity across Melbourne and boost the capacity of the city’s freight network.
The North Package includes the design and construction of the North East Link between M80-Plenty Rd interchange and the north tunnel entrance at Watsonia. As Preferred Proponent AECOM and its partners will work with NELP and project and community stakeholders to develop the final proposal and commence delivery readiness activities. The works will include new and upgraded freeway, separation of local roads from the freeway, significant earthworks, retaining walls, bridge structures, rail interface works, intelligent transport systems, urban design, and landscaping.
About AECOM AECOM (NYSE: ACM), is the world’s trusted infrastructure consulting firm, delivering professional services throughout the project lifecycle – from planning, design and engineering to program and construction management. On projects spanning transportation, buildings, water, new energy and the environment, our public- and private-sector clients trust us to solve their most complex challenges. Our teams are driven by a common purpose to deliver a better world through our unrivaled technical expertise and innovation, a culture of equity, diversity and inclusion, and a commitment to environmental, social and governance priorities. AECOM is a Fortune 500 firm and its Professional Services business had revenue of $13.3 billion in fiscal year 2021. See how we are delivering sustainable legacies for generations to come at aecom.com and @AECOM.
Forward-Looking Statements
All statements in this communication other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including any statements of the plans, strategies and objectives for future operations, profitability, strategic value creation, coronavirus impacts, risk profile and investment strategies, and any statements regarding future economic conditions or performance, and the expected financial and operational results of AECOM. Although we believe that the expectations reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include, but are not limited to, the following: our business is cyclical and vulnerable to economic downturns and client spending reductions; impacts caused by the coronavirus and the related economic instability and market volatility, including the reaction of governments to the coronavirus, including any prolonged period of travel, commercial or other similar restrictions, the delay in commencement, or temporary or permanent halting of construction, infrastructure or other projects, requirements that we remove our employees or personnel from the field for their protection, and delays or reductions in planned initiatives by our governmental or commercial clients or potential clients; losses under fixed-price contracts; limited control over operations run through our joint venture entities; liability for misconduct by our employees or consultants; failure to comply with laws or regulations applicable to our business; maintaining adequate surety and financial capacity; potential high leverage and inability to service our debt and guarantees; ability to continue payment of dividends; exposure to political and economic risks in different countries, including tariffs; currency exchange rate and interest fluctuations; retaining and recruiting key technical and management personnel; legal claims; inadequate insurance coverage; environmental law compliance and inadequate nuclear indemnification; unexpected adjustments and cancellations related to our backlog; partners and third parties who may fail to satisfy their legal obligations; AECOM Capital’s real estate development; managing pension cost; cybersecurity issues, IT outages and data privacy; risks associated with the benefits and costs of various dispositions such as the sale of our Management Services, self-perform at-risk civil infrastructure, power construction, and oil and gas construction businesses, including the risk that purchase price adjustments, if any, from those transactions could be unfavorable and any future proceeds owed to us as part of those transactions could be lower than we expect; as well as other additional risks and factors that could cause actual results to differ materially from our forward-looking statements set forth in our reports filed with the Securities and Exchange Commission. Any forward-looking statements are made as of the date hereof. We do not intend, and undertake no obligation, to update any forward-looking statement.
What is AECOM's recent announcement regarding the North East Link Program in Victoria, Australia?
AECOM has been chosen as the Preferred Proponent for the North Package of the North East Link Program, working alongside partners to deliver significant infrastructure improvements.
How will the North East Link Program impact traffic in Melbourne?
The North East Link Program is expected to enhance traffic flow for over 135,000 vehicles daily and remove 15,000 trucks from residential roads.
Who are AECOM's partners in the North East Link Program project?
AECOM is collaborating with Acciona and MACA Civil on the North Package of the North East Link Program.
What services will AECOM provide for the North East Link Program?
AECOM will deliver engineering, design, and advisory services for the North East Link Program in Victoria.
What is the significance of the North Package in the North East Link Program?
The North Package is one of five major segments of the North East Link Program, which represents the largest road project investment in Melbourne's northeast.
