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AECOM-led joint venture selected as delivery partner for Frederick Douglass Tunnel Program in Baltimore

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AECOM (ACM) and Jacobs have been chosen by Amtrak for the $6 billion Frederick Douglass Tunnel Program to upgrade a section of the Northeast Corridor, benefiting 12 million passengers. The project includes building new high-capacity tunnels to improve travel time and reliability.
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The partnership between AECOM and Jacobs to upgrade a critical section of the Northeast Corridor represents a significant investment in transportation infrastructure. The project aims to enhance the efficiency and reliability of passenger rail service, which is essential for regional connectivity and economic vitality. The replacement of the outdated B&P Tunnel with the new Frederick Douglass Tunnel is expected to address current capacity issues and reduce travel times, thereby improving the overall customer experience.

From an infrastructure perspective, the introduction of high-capacity tubes designed for electrified trains is in line with global trends towards sustainable transportation solutions. This is particularly relevant given the increasing focus on low-carbon transit options. Moreover, the project's scope, which includes new bridges and an ADA-accessible station, illustrates a comprehensive approach to modernizing the rail system, with an emphasis on accessibility and safety enhancements.

The $6 billion Frederick Douglass Tunnel Program spearheaded by AECOM and Jacobs is poised to have a substantial economic impact on Baltimore and the surrounding region. The creation of jobs both during and after the construction phase is a key benefit, potentially leading to a multiplier effect in the local economy. Infrastructure projects of this magnitude typically stimulate growth by attracting businesses and fostering an environment conducive to economic development.

Furthermore, the improved rail infrastructure can lead to increased property values and business opportunities in the vicinity of the new tunnel and stations. The emphasis on digital program management and innovative solutions suggests that the project could also serve as a catalyst for technological advancements within the local construction and engineering sectors.

The environmental and safety considerations involved in the Frederick Douglass Tunnel Program are notable. Modern fire and safety systems, including emergency pathways and fire ventilation, are indicative of a proactive approach to risk management. Compliance with ADA standards and the focus on electrified service highlight the project's alignment with regulatory requirements and environmental sustainability goals.

The replacement of a 150-year-old tunnel with a modern, high-capacity alternative will likely result in reduced maintenance costs and lower risk of service disruptions due to infrastructure failures. This upgrade is important for ensuring the long-term safety and reliability of a major transportation artery in the Northeast United States.

DALLAS--(BUSINESS WIRE)-- AECOM (NYSE: ACM), the world’s trusted infrastructure consulting firm, today announced that an AECOM-led joint venture with Jacobs has been selected by Amtrak to serve as delivery partner for the $6 billion Frederick Douglass Tunnel Program that will upgrade a ten-mile section of the Northeast Corridor (NEC), America’s busiest passenger rail line.

The cornerstone of the program will be the delivery of the Frederick Douglass Tunnel featuring two new high-capacity tubes for electrified passenger trains. Located south of Baltimore Penn Station, the new tunnel will replace the existing 150-year-old B&P Tunnel and, once complete, it will deliver a faster, more reliable trip for more than 12 million annual Amtrak and MARC customers in the region.

“As the trusted delivery partner on some of the world’s most transformative rail projects, we're proud to continue our long-standing history with Amtrak to deliver this highly complex tunneling program,” said Mark Southwell, chief executive of AECOM’s global Transportation business. “This ambitious program will enhance passenger mobility by unlocking the biggest rail bottleneck between Washington D.C. and New Jersey while also supporting low-carbon, electrified service and fostering economic growth through job creation in Baltimore and the surrounding region.”

The joint venture will be responsible for overseeing the full breadth of the program, including supervision of all anticipated program contracts. The scope of services includes program management, design oversight, construction oversight, commissioning oversight, program controls, and commercial and capacity building.

“Through this transformational program, thousands of passengers who rely on this critical connection each day can expect to benefit from an improved ride with decreased delays and enhanced operational and safety features,” said Drew Jeter, chief executive of AECOM’s Program Management global business line. “We look forward to partnering with Amtrak to deliver this important investment, transforming the passenger experience through our integrated, digitally-enabled program management approach and our global team of innovative experts.”

The Program will also include delivery of a new roadway and railroad bridges, new rail systems and track, and a new ADA-accessible West Baltimore MARC station. Further updates will involve the integration of modern fire and safety systems, including emergency pathways to the surface and fire ventilation systems.

About AECOM

AECOM (NYSE: ACM) is the world’s trusted infrastructure consulting firm, delivering professional services throughout the project lifecycle – from advisory, 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 and digital expertise, 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 $14.4 billion in fiscal year 2023. 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, 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; potential government shutdowns or other funding circumstances that may cause governmental agencies to modify, curtail or terminate our contracts; losses under fixed-price contracts; limited control over operations that 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, geopolitical events, and conflicts; currency exchange rate and interest fluctuations; retaining and recruiting key technical and management personnel; legal claims; inadequate insurance coverage; environmental law compliance and adequate nuclear indemnification; unexpected adjustments and cancellations related to our backlog; partners and third parties who may fail to satisfy their legal obligations; managing pension costs; AECOM Capital real estate development projects; cybersecurity issues, IT outages and data privacy; risks associated with the benefits and costs of the sale of our Management Services and self-perform at-risk civil infrastructure, power construction and oil and gas businesses, including the risk that any purchase adjustments from those transactions could be unfavorable and result in any future proceeds owed to us as part of the 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.

Media Contact:

Brendan Ranson-Walsh

Senior Vice President, Global Communications

1.213.996.2367

Brendan.Ranson-Walsh@aecom.com

Investor Contact:

Will Gabrielski

Senior Vice President, Finance, Treasurer

1.213.593.8208

William.Gabrielski@aecom.com

Source: AECOM

FAQ

What is the significance of the Frederick Douglass Tunnel Program for AECOM (ACM)?

The program is a major infrastructure project worth $6 billion that aims to upgrade a crucial section of the Northeast Corridor, showcasing AECOM's expertise in rail projects.

What role will AECOM (ACM) play in the program?

AECOM, along with Jacobs, will serve as the delivery partner responsible for overseeing various aspects of the program, including program management, design oversight, and construction oversight.

How will the Frederick Douglass Tunnel benefit passengers?

The tunnel will provide a faster, more reliable trip for over 12 million Amtrak and MARC customers, reducing delays and enhancing safety features.

What other components are included in the program?

Apart from the tunnel, the program will involve the construction of new roadway and railroad bridges, rail systems, track, an ADA-accessible station, and modern fire and safety systems.

What is the goal of the program for AECOM (ACM) and Amtrak?

The program aims to improve passenger mobility by addressing rail bottlenecks, supporting low-carbon service, creating job opportunities, and enhancing the overall passenger experience.

Who are the key executives mentioned in the press release?

Mark Southwell, the chief executive of AECOM's global Transportation business, and Drew Jeter, the chief executive of AECOM's Program Management global business line, are highlighted in the announcement.

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