AECOM to deliver major water infrastructure capital works program for Uisce Éireann

Rhea-AI Summary

AECOM (NYSE: ACM) has been appointed to Uisce Éireann’s new Capital Works PMO Framework, providing technical, project management, and site supervision services for Ireland’s public water utility. AECOM will support Uisce Éireann in delivering cleaner, safer drinking water and more effective wastewater management, contributing to social and economic growth. The five-year contract, extendable by two years, replaces and combines previous frameworks under one program, enabling AECOM to apply its expertise in project and program management, design, stakeholder consultation, and site supervision to construction and upgrading of water and wastewater treatment plants, networks, and infrastructure.

Positive

• AECOM's appointment to Uisce Éireann’s new Capital Works PMO Framework positions it as the sole supplier appointed to all four lots on the program, showcasing its history of successful delivery for Uisce Éireann and water projects across Ireland.
• The demand for modern and efficient water systems is increasing globally, and AECOM is well-positioned to deliver on clients’ ambitions with its leading expertise in this market.

Negative

• None.

The company will provide technical, project management and site supervision services under the new program for Ireland’s public water utility

DALLAS--(BUSINESS WIRE)-- AECOM (NYSE: ACM), the world’s trusted infrastructure consulting firm, today announced it has been appointed to Uisce Éireann’s new Capital Works PMO Framework and is the only supplier to be appointed to all four lots on the program. In this role, AECOM will support Uisce Éireann, Ireland’s public water utility, in its mission to transform the delivery of water services, including providing cleaner, safer drinking water and more effective management of wastewater, and to support social and economic growth.

“Our history of successful delivery for Uisce Éireann and on water projects across Ireland positions us to support this essential program,” said Colin Wood, chief executive of AECOM’s Europe and India region. “We look forward to continuing our collaboration with Uisce Éireann, as we apply the experience and expertise of our teams in Ireland, and around the globe, in the delivery of the critical infrastructure needed to support its future operations.”

AECOM will provide a range of services including project and program management, design, stakeholder consultation, and site supervision. Projects will include the construction and upgrading of water and wastewater treatment plants, water and sewerage networks, and dams and reservoirs infrastructure. The five-year contract, with the option to extend by a further two years, replaces and combines several previous frameworks under one program.

“We are seeing demand for modern and efficient water systems increasing at a rapid rate around the world, such as the substantial expected growth in U.S. EPA spending and in AMP 8 investments in the U.K., and we are well positioned to deliver on our clients’ ambitions with our leading expertise in this market.” said Beverley Stinson, chief executive of AECOM’s global Water business. “Having managed some of the world’s most ambitious drinking water and wastewater programs, our teams are prepared to apply their globally recognized expertise to support positive social, environmental, and economic outcomes through safe, clean drinking water.”

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; 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; 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; AECOM Capital real estate development projects; managing pension cost; cybersecurity issues, IT outages and data privacy; risks associated with the expected benefits and costs of the sale of our Management Services and self-perform at-risk civil infrastructure, power construction and oil and gas construction businesses, including the risk that any contingent purchase price adjustments from those transactions could be unfavorable and result in lower aggregate cash proceeds and any future proceeds owed to us under 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231115788270/en/

Media:

Brendan Ranson-Walsh

Senior Vice President, Global Communications

1.213.996.2367

Brendan.Ranson-Walsh@aecom.com



Investors:

Will Gabrielski

Senior Vice President, Finance, Treasurer

1.213.593.8208

William.Gabrielski@aecom.com

Source: AECOM

FAQ

What services will AECOM provide under the new program for Uisce Éireann?

AECOM will provide technical, project management, and site supervision services, including project and program management, design, stakeholder consultation, and site supervision for construction and upgrading of water and wastewater treatment plants, networks, and infrastructure.

What is the duration of the contract with Uisce Éireann?

The contract is for five years, with the option to extend by a further two years, replacing and combining several previous frameworks under one program.

What is the significance of AECOM's appointment to all four lots on the program?

AECOM's appointment as the only supplier to all four lots on the program highlights its successful delivery history for Uisce Éireann and water projects across Ireland.

How is AECOM positioned to deliver on clients’ ambitions in the water systems market?

AECOM is well-positioned to deliver on clients’ ambitions in the water systems market, as the demand for modern and efficient water systems is increasing globally, and AECOM possesses leading expertise in this area.