AECOM-led team selected by Amtrak to support the development of the $1.5 billion Susquehanna River Rail Bridge Project

Rhea-AI Summary

AECOM (ACM) has been selected by Amtrak to support the development of the Susquehanna River Rail Bridge Project, aiming to enhance rail connectivity and safety along the U.S. Northeast Corridor. The project involves replacing an existing 117-year-old bridge in Maryland with two new bridges to increase capacity and reliability for freight and passenger trains. AECOM will provide project management, design coordination, and stakeholder coordination, partnering with Disadvantaged Business Enterprise firms for economic growth and social inclusion.

Insights

Market Research Analyst

The announcement of AECOM's involvement in the Susquehanna River Rail Bridge Project signifies a strategic move that could have a positive impact on the company's future revenue streams and market position. Infrastructure projects of this magnitude typically involve substantial capital investment and can lead to long-term income through multi-year contracts. The project's focus on increasing capacity and improving reliability for both freight and passenger trains aligns with broader trends in infrastructure development aimed at enhancing economic efficiency and connectivity.

Furthermore, the collaboration with Amtrak, a major player in the U.S. rail sector, could strengthen AECOM's portfolio and reputation in the industry. The emphasis on integrating cutting-edge technology and engaging Disadvantaged Business Enterprise firms also reflects the company's commitment to innovation and social responsibility, which may resonate positively with investors interested in sustainable and inclusive business practices.

Financial Analyst

From a financial perspective, AECOM's selection to lead the Susquehanna River Rail Bridge Project is indicative of the company's strong competitive positioning in the infrastructure consulting market. It is reasonable to expect that the project will contribute positively to AECOM's financial health, considering the scale and the essential nature of the infrastructure being addressed. The project may also act as a catalyst for future contracts, given the visibility and strategic importance of the Northeast Corridor for transportation in the U.S.

Investors should monitor the project's progress as it may influence AECOM's stock performance. Successful execution without cost overruns and delays can enhance investor confidence, while any setbacks could have adverse effects. The partnership with DBE firms could also potentially open avenues for federal incentives or subsidies, which may positively impact the company's bottom line.

Civil Engineering Expert

The technical aspects of replacing a 117-year-old bridge with two new structures are significant, suggesting a complex engineering and logistical challenge. AECOM's role in project management and design coordination will be critical in ensuring that the new bridges meet contemporary standards for load capacity, durability and safety. The project's success depends on the integration of modern engineering principles and the latest construction technologies.

The involvement of DBEs in the project is noteworthy as it reflects an industry-wide push towards inclusivity and diversity in the field of civil engineering. This approach not only fosters economic growth within disadvantaged communities but also enriches the project with a variety of perspectives and expertise, potentially leading to innovative solutions and enhanced project outcomes.

DALLAS--(BUSINESS WIRE)-- AECOM (NYSE: ACM), the world’s trusted infrastructure consulting firm, today announced that an AECOM-led team has been selected by Amtrak to support the development of the Susquehanna River Rail Bridge Project (SRB). The project aims to improve rail connectivity and safety along the U.S. Northeast Corridor by replacing the existing 117-year-old two-track bridge located in Maryland with two new bridges that will increase capacity and improve reliability of both freight and passenger trains.

“The complexity of the Susquehanna River Rail Bridge Project requires a team that connects global expertise with local perspective and brings together the right disciplines and resources,” said Bane Gaiser, chief executive of AECOM’s U.S. East and Latin America region. “We’re honored to continue our long-standing partnership with Amtrak to support them in delivering high-quality, on-time, state of-the-art infrastructure that will transform transportation for the region.”

In this role, AECOM will provide a range of professional services, including project management, design coordination, stakeholder coordination, and schedule management. The Company will lead a strong technical team of subconsultants, including Disadvantaged Business Enterprise firms (DBEs). By partnering with DBE firms, AECOM aims to create opportunities for individuals facing social and economic disadvantages to actively participate and benefit from the economic growth generated by this project.

“With our vast expertise in creating advanced transportation systems worldwide, we are committed to utilizing cutting-edge technology to ensure safe and dependable transportation with faster passenger travel times,” said Mark Southwell, chief executive of AECOM’s global Transportation business. “Improving rail options across the U.S. is crucial for the nation’s advancement, and the new Susquehanna River Bridge will do just that by reducing trip times and improving reliability for passenger and freight trains that rely on this critical connection.”

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240305033987/en/

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 project has AECOM (ACM) been selected to support by Amtrak?

AECOM has been chosen to assist in the development of the Susquehanna River Rail Bridge Project.

Where is the existing bridge located that AECOM (ACM) will replace?

The existing 117-year-old bridge that AECOM will replace is located in Maryland.

What are the main goals of the Susquehanna River Rail Bridge Project led by AECOM (ACM)?

The project aims to enhance rail connectivity and safety along the U.S. Northeast Corridor by increasing capacity and reliability for freight and passenger trains.

What services will AECOM (ACM) provide for the project?

AECOM will offer project management, design coordination, stakeholder coordination, and schedule management services for the Susquehanna River Rail Bridge Project.

Why is AECOM (ACM) partnering with Disadvantaged Business Enterprise firms?

AECOM aims to create opportunities for individuals facing social and economic disadvantages to participate and benefit from the economic growth generated by the project.