AECOM-led joint venture to deliver critical rail improvements along Amtrak’s Northeast Corridor
AECOM (NYSE: ACM) and STV have formed a joint venture selected by Amtrak to manage the Sawtooth Bridges Replacement Project, a critical component of the Gateway Program. The project involves replacing three bridges along a 1.9-mile corridor in Kearny, N.J., between Newark Penn Station and Secaucus Junction. The existing bridges, built in 1907, currently support over 400 daily trains but limit speeds to 60 mph due to structural deficiencies.
The joint venture will oversee design coordination and manage interactions with railroads, utilities, and third parties using a multi-phased alternative delivery approach. The project aims to improve rail connectivity and double passenger train capacity on the Northeast Corridor's most congested section. This initiative is part of several federally funded megaprojects along the Northeast Corridor where AECOM is involved.
AECOM (NYSE: ACM) e STV hanno formato una joint venture selezionata da Amtrak per gestire il Progetto di Sostituzione dei Ponti Sawtooth, una componente critica del Programma Gateway. Il progetto prevede la sostituzione di tre ponti lungo un corridoio di 1,9 miglia a Kearny, nel New Jersey, tra Newark Penn Station e Secaucus Junction. I ponti esistenti, costruiti nel 1907, supportano attualmente oltre 400 treni giornalieri ma limitano la velocità a 60 mph a causa di carenze strutturali.
La joint venture supervisionerà il coordinamento del design e gestirà le interazioni con le ferrovie, i servizi pubblici e le terze parti utilizzando un approccio di consegna alternativa in più fasi. L'obiettivo del progetto è migliorare la connettività ferroviaria e raddoppiare la capacità dei treni passeggeri nella sezione più congestionata del Corridoio del Northeast. Questa iniziativa fa parte di diversi megaprogetti finanziati a livello federale lungo il Corridoio del Northeast in cui AECOM è coinvolta.
AECOM (NYSE: ACM) y STV han formado una empresa conjunta seleccionada por Amtrak para gestionar el Proyecto de Reemplazo de los Puentes Sawtooth, una parte crítica del Programa Gateway. El proyecto implica la reemplazo de tres puentes a lo largo de un corredor de 1.9 millas en Kearny, Nueva Jersey, entre Newark Penn Station y Secaucus Junction. Los puentes existentes, construidos en 1907, soportan actualmente más de 400 trenes diarios pero limitan las velocidades a 60 mph debido a deficiencias estructurales.
La empresa conjunta supervisará la coordinación del diseño y gestionará las interacciones con las ferrocarriles, los servicios públicos y terceros utilizando un enfoque de entrega alternativa en múltiples fases. El objetivo del proyecto es mejorar la conectividad ferroviaria y duplicar la capacidad de los trenes de pasajeros en la sección más congestionada del Corredor del Noreste. Esta iniciativa es parte de varios megaproyectos financiados por el gobierno a lo largo del Corredor del Noreste en el que AECOM está involucrada.
AECOM (NYSE: ACM)과 STV가 합작 회사를 구성해 Amtrak에 의해 소토스 교량 교체 프로젝트를 관리하게 되었습니다. 이는 게이트웨이 프로그램의 중요한 구성 요소입니다. 이 프로젝트는 뉴저지주 커니에서 뉴어크 펜역과 세쿠커스 정거장 사이의 1.9마일에 걸쳐 있는 세 개의 교량을 교체하는 것을 포함합니다. 1907년에 건설된 기존의 교량은 현재 400개 이상의 일일 기차를 지원하고 있지만 구조적 결함으로 인해 속도를 60mph로 제한하고 있습니다.
이번 합작 회사는 설계 조율을 감독하고 철도, 공공 사업 및 제삼자와의 상호작용을 다단계 대체 전달 방법을 통해 관리합니다. 이 프로젝트의 목표는 철도 연결성을 개선하고 북동부 회랑에서 가장 혼잡한 구간의 여객 기차 수용량을 두 배로 늘리는 것입니다. 이 이니셔티브는 AECOM이 참여하는 북동부 회랑을 따라 여러 연방 자금 지원 대형 프로젝트의 일부입니다.
AECOM (NYSE: ACM) et STV ont formé une coentreprise sélectionnée par Amtrak pour gérer le Projet de Remplacement des Ponts Sawtooth, une composante essentielle du Programme Gateway. Le projet implique le remplacement de trois ponts sur un corridor de 1,9 mile à Kearny, dans le New Jersey, entre la Newark Penn Station et la Secaucus Junction. Les ponts existants, construits en 1907, supportent actuellement plus de 400 trains quotidiens mais limitent les vitesses à 60 mph en raison de déficiences structurelles.
La coentreprise supervisera la coordination de la conception et gérera les interactions avec les chemins de fer, les services publics et les tiers en utilisant une approche de livraison alternative en plusieurs phases. L'objectif du projet est d'améliorer la connectivité ferroviaire et de doubler la capacité des trains de passagers dans la section la plus congestionnée du Corridor du Nord-Est. Cette initiative fait partie de plusieurs mégaprojets financés par des fonds fédéraux le long du Corridor du Nord-Est dans lequel AECOM est impliquée.
AECOM (NYSE: ACM) und STV haben ein Joint Venture gegründet, das von Amtrak ausgewählt wurde, um das Projekt zur Ersetzung der Sawtooth-Brücken zu leiten, eine kritische Komponente des Gateway-Programms. Das Projekt umfasst den Ersatz von drei Brücken entlang eines 1,9-Meilen-Korridors in Kearny, New Jersey, zwischen Newark Penn Station und Secaucus Junction. Die bestehenden Brücken, die 1907 erbaut wurden, unterstützen derzeit über 400 tägliche Züge, beschränken jedoch die Geschwindigkeiten aufgrund struktureller Mängel auf 60 mph.
Das Joint Venture wird die Entwurfskoordination überwachen und die Interaktionen mit Eisenbahnen, Versorgungsunternehmen und Dritten unter Verwendung eines mehrstufigen alternativen Lieferansatzes verwalten. Ziel des Projekts ist es, die Schienenverbindung zu verbessern und die Kapazität der Personenzüge im am stärksten überlasteten Abschnitt des Nordostkorridors zu verdoppeln. Diese Initiative ist Teil mehrerer von Bund finanzierten Großprojekte entlang des Nordostkorridors, an denen AECOM beteiligt ist.
- Secured major infrastructure project management contract with Amtrak
- Project is federally funded, reducing financial risk
- Strengthens AECOM's position in rail infrastructure sector as Engineering News-Record's top Mass Transit and Rail firm
- Expands existing portfolio of Northeast Corridor projects including Frederick Douglass Tunnel Program
- None.
Insights
The Sawtooth Bridges Replacement Project represents a strategically significant infrastructure development for AECOM, with substantial long-term revenue potential. This project, part of the larger Gateway Program, positions AECOM to capture a meaningful share of the unprecedented federal infrastructure spending along the Northeast Corridor.
The project's scope encompasses critical infrastructure that hasn't been upgraded since 1907, addressing a major bottleneck in one of the nation's busiest rail corridors. The current speed limitation of 60 mph due to structural deficiencies represents a significant operational constraint that the replacement will eliminate, enhancing both safety and efficiency.
AECOM's selection for this project, combined with their involvement in other major NEC projects like the Frederick Douglass Tunnel Program and Connecticut River Bridge Replacement, demonstrates their growing dominance in the rail infrastructure sector. This strengthens their competitive moat and positions them favorably for future federal infrastructure projects.
This contract win reinforces AECOM's market leadership position as Engineering News-Record's top Mass Transit and Rail firm. The multi-phased alternative delivery approach typically generates higher margins compared to traditional project delivery methods, potentially enhancing project profitability.
The project's strategic importance lies in its integration with the broader Gateway Program, which aims to double passenger capacity in the NEC's most congested section. With over 400 daily trains currently operating on these tracks, the infrastructure upgrade presents significant recurring revenue opportunities through potential maintenance and consulting contracts.
For investors, this project adds to AECOM's already robust backlog and provides visibility into long-term revenue streams, particularly given the federal funding backing these infrastructure initiatives. The company's expanding portfolio of NEC projects creates cross-selling opportunities and economies of scale that could drive margin expansion.
The Company’s joint venture with STV will provide project management services for the Sawtooth Bridges Replacement Project in
The Sawtooth Bridges were originally constructed in 1907 and serve as a critical link in the NEC, supporting more than 400 daily trains operated by Amtrak and NJ TRANSIT over tracks used by NJ TRANSIT, PATH and Conrail freight trains. Their age and structural deficiencies limit train speeds to 60 mph, creating bottlenecks that impact rail operations for intercity and commuter services. The project will deliver three new bridges along a 1.9-mile corridor in
“We’re proud to continue our long-standing partnership with Amtrak by supporting this crucial transit upgrade, which is part of an array of generational federal investments in the nation’s rail infrastructure,” said Mark Southwell, chief executive of AECOM’s global Transportation business. “Our track record of success on numerous NEC bridge replacement projects prepares us to deliver safe, reliable and resilient rail connectivity that meets both current and future demands on the NEC.”
The AECOM-led joint venture will utilize a multi-phased alternative delivery approach to implement project planning and oversee delivery of the upgraded and new structures. As project manager, the venture will oversee design coordination and manage interactions with railroads, utilities, and third parties. The team consists of multi-disciplinary engineers specializing in civil, geotechnical, structural, and environmental engineering.
“We look forward to leveraging our extensive transportation resources, site knowledge, and experience with large-scale projects along the NEC to deliver innovative solutions that enhance rail reliability,” said Bane Gaiser, chief executive of AECOM’s
Funding from the Federal Railroad Administration has enabled Amtrak to advance several megaprojects along the NEC aimed at modernizing critical infrastructure, improving station facilities, and supporting future ridership growth. Among these funded projects, AECOM is involved in the Frederick Douglass Tunnel Program, the Connecticut River Bridge Replacement and the Susquehanna River Rail Bridge Project.
About AECOM
AECOM (NYSE: ACM) is the global infrastructure leader, committed to delivering a better world. As a trusted professional services firm powered by deep technical abilities, we solve our clients’ complex challenges in water, environment, energy, transportation and buildings. Our teams partner with public- and private-sector clients to create innovative, sustainable and resilient solutions throughout the project lifecycle – from advisory, planning, design and engineering to program and construction management. AECOM is a Fortune 500 firm that had revenue of
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, capital allocation strategy including stock repurchases, 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.
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Media Contact:
Brendan Ranson-Walsh
Senior Vice President, Global Communications
1.213.996.2367
Brendan.Ranson-Walsh@aecom.com
Investor Contact:
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1.213.593.8208
William.Gabrielski@aecom.com
Source: AECOM
FAQ
What is the scope of AECOM's Sawtooth Bridges Replacement Project with Amtrak?
How many daily trains currently use the Sawtooth Bridges that ACM will replace?
What is the current speed limitation on the Sawtooth Bridges that ACM will address?
What other major Northeast Corridor projects is ACM currently involved in?
What services will the AECOM-STV joint venture provide for the Sawtooth project?
