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AECOM selected to deliver first major works package for Melbourne Airport Rail as part of the Sunshine Systems Alliance consortium
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Rhea-AI Summary
AECOM (NYSE: ACM) has been selected as part of a preferred consortium for the Melbourne Airport Rail project, enhancing connectivity in Victoria, Australia. This consortium, known as the Sunshine Systems Alliance, includes major firms like KBR and Alstom. Key enhancements will include a new pedestrian concourse at Sunshine Station and significant rail system upgrades. The project aims to offer a 30-minute journey between central Melbourne and the airport, expected to generate substantial economic benefits for the community.
Positive
Involvement in the transformative Melbourne Airport Rail project will enhance AECOM's reputation and market presence.
The project is anticipated to provide significant economic benefits to the Victoria community.
Negative
None.
DALLAS--(BUSINESS WIRE)--
AECOM (NYSE: ACM), the world’s trusted infrastructure consulting firm, announced today it has been selected as part of a preferred consortium to deliver a major package of work for the Melbourne Airport Rail project, a new rail connection between central Melbourne and Melbourne Airport that will greatly enhance connectivity in and beyond Victoria, Australia. The consortium has formed the Sunshine Systems Alliance, and includes AECOM, KBR, Alstom, John Holland, CPB Contractors, Metro Trains Melbourne, V/Line, and Rail Projects Victoria.
“We’re looking forward to leveraging our unrivaled global technical capabilities and experienced talent in Australia to support the construction of this critical addition to Victoria’s rail network,” said Jennifer Aument, chief executive of AECOM’s global transportation business. “Our teams have deep expertise integrating diverse resources on complex, transportation projects like this one, with a goal of delivering smarter, more sustainable solutions to help improve mobility and speed passenger connections.”
In this role, the consortium is expected to provide major improvements including a new, accessible second pedestrian concourse and new forecourt area at Sunshine Station, a new forecourt area and car park improvements at Albion Station, construction of a new flyover at Albion to separate airport trains from metropolitan and regional services, and relocation and implementation of rail systems, modifications to substations, and protection of existing utilities. The package also includes high-capacity signaling, traction power, rail control systems and an automatic train supervision system, as well as communications systems and systems integration and assurance.
“This is a truly transformative project for Victoria and one in which we are proud to play a part,” said Richard Barrett, AECOM’s Chief Executive, Australia and New Zealand. “We are excited to bring our team’s experience in the successful delivery of complex Alliance projects as well as our expertise in brownfields rail infrastructure designto realize this new project, which will bolster Melbourne’s role as a global city and aviation hub.”
As it will provide around 30-minute journeys between central Melbourne to the airport, the new rail line will also enable direct airport connections for passengers at more than 30 stations across Melbourne via the Metro Tunnel, currently under construction. The project’s significant connectivity benefits are estimated to generate sizeable economic benefits to the community.
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 role in the Melbourne Airport Rail project?
AECOM is part of a consortium selected to deliver key enhancements for the Melbourne Airport Rail project.
What are the expected benefits of the Melbourne Airport Rail project?
The project will improve connectivity, allowing 30-minute journeys between central Melbourne and the airport, generating economic benefits for the community.
Which companies are involved in the Sunshine Systems Alliance?
The Sunshine Systems Alliance includes AECOM, KBR, Alstom, and other firms.
How will the Melbourne Airport Rail project impact Victoria's economy?
The project is expected to generate substantial economic benefits for the community in Victoria.
What improvements will be made at Sunshine Station?
Sunshine Station will receive a new pedestrian concourse and forecourt area as part of the project.
