AECOM to provide design and engineering services to TxDOT Maritime Division

Rhea-AI Summary

AECOM (NYSE: ACM) has been selected by the Texas Department of Transportation to provide engineering services for the Maritime Division. This role involves enhancing the efficiency of Texas ports, including Port Houston, the largest U.S. port by waterborne tonnage. AECOM will manage planning, economic analysis, and technical reporting. This partnership extends efforts started in 2016 to support Texas' port infrastructure, crucial for intermodal freight movement and economic growth.

Positive

• Selected by Texas Department of Transportation for a critical project enhancing port efficiency.
• Continues partnership with TxDOT since 2016, indicating a strong business relationship.
• Projected to create new jobs and bolster Texas' trade position.

Negative

• None.

This critical work will focus on improving the efficiency and resiliency of Texas ports, including Port Houston, the largest U.S. port by waterborne tonnage

DALLAS--(BUSINESS WIRE)-- AECOM (NYSE: ACM), the world’s trusted infrastructure consulting firm, today announced it has been selected by the Texas Department of Transportation (TxDOT) to provide design and engineering services for its Maritime Division. In this role, AECOM will deliver services required for port, waterway, and intermodal freight planning for the Texas port system, which includes the major deep-draft ports of Port Houston, the largest in the U.S. by waterborne tonnage; Port of Corpus Christi; Port of Beaumont; and Port Freeport, among others.

“Texas is a port-driven state and with the recent attention on the global supply chain, there has never been a more critical time than present to ensure its systems remain robust,” said Jennifer Aument, chief executive of AECOM’s global Transportation business. “We are excited to bring our world-class technical teams to these high-value projects that will help enhance port efficiency and resiliency, expand the movement of freight through intermodal systems, and create new jobs – bolstering the state’s standing as an essential trade gateway to the world.”

The scope of AECOM’s work includes project management and planning, economic analysis, environmental and permitting, public involvement, technical report development, geotechnical exploration, and signage and illumination design. This work is a continuation of services AECOM has provided to TxDOT Maritime since 2016 while developing deliverables such as the Port Mission Plan and Investment Strategy, which highlights the funding needs of the Texas port system.

“We are honored to have a dynamic history supporting the TxDOT Maritime Division and look forward to strengthening our partnership in this new role,” said Travis Boone, chief executive of AECOM’s U.S. West region. “Texas’ maritime system is a vital part of the state’s transportation network and includes several of the nation’s fastest growing ports by export revenue. We understand the improvement opportunities that will lead to more effective and safer transportation systems and look forward to leveraging our cross-discipline service offering to help deliver these key capital investments.”

Founded in 2012, the TxDOT Maritime Division promotes the development and intermodal connectivity of Texas ports, waterways, and marine infrastructure and operations. The state has eleven deep-draft ports, eight shallow-draft ports, and two recreational ports that are critical to its economic growth.

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; high leverage and potential inability to service our debt and guarantees; ability to continue payment of dividends; exposure to Brexit; exposure to political and economic risks in different countries; currency exchange rate 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 benefits and costs of various dispositions such as the sale of our Management Services, self-perform at-risk civil infrastructure and power construction, and oil & gas maintenance and turnaround 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220328005079/en/

Media::

Brendan Ranson-Walsh

Senior Vice President, Global Communications

1.213.996.2367

Brendan.Ranson-Walsh@aecom.com

Investor::

Will Gabrielski

Senior Vice President, Finance, Treasurer

1.213.593.8208

William.Gabrielski@aecom.com

Source: AECOM

FAQ

What new project has AECOM (ACM) been awarded in Texas?

AECOM has been selected by the Texas Department of Transportation to provide design and engineering services for the Maritime Division, focusing on improving Texas ports.

How long has AECOM been working with the Texas Department of Transportation?

AECOM has been providing services to the Texas Department of Transportation since 2016.

What is the significance of Port Houston in the AECOM project?

Port Houston is the largest U.S. port by waterborne tonnage and is a key focus of AECOM's engineering services to enhance port efficiency.

What are the expected outcomes of AECOM's project with TxDOT?

The project is expected to improve port efficiency, expand freight movement, and create new jobs in Texas.