Jacobs and Aurecon Joint Venture Milestone supports Sewage Treatment Planning for Urban Utilities

Rhea-AI Summary

Jacobs (NYSE:J) and Aurecon are collaborating on sewage treatment planning for Urban Utilities in South East Queensland, Australia, under a three-year program. Urban Utilities, managing $3.76 billion in assets, has recently achieved a milestone by delivering documentation for $51.7 million in infrastructure upgrades. This initiative also deferred $13.4 million in capital investment, enhancing customer value. The joint venture aims to address the region's growing water management needs due to accelerated population growth, ensuring sustainable and efficient water services.Jacobs continues to leverage its global expertise in environmental solutions.

Positive

• Joint venture with Aurecon to deliver sewage treatment planning to Urban Utilities.
• Successfully passed the first milestone with documentation for $51.7 million in infrastructure upgrades.
• Deferred $13.4 million in capital investment, adding value for Urban Utilities customers.
• Aims to address water management needs amid sustained population growth in Queensland.

Negative

• None.

DALLAS, June 18, 2020 /PRNewswire/ -- Jacobs (NYSE:J), in a joint venture with Aurecon, is delivering sewage treatment planning and design services to Urban Utilities in a three year program. Urban Utilities is a distributor-retailer responsible for delivering vital water and sewage services to households and businesses in South East Queensland, Australia.

Urban Utilities manages approximately $3.76 billion (AU$5.4 billion) in assets, including 29 sewage treatment plants, and provides water and sewerage services to a population of 1.5 million.

According to Urban Utilities, the project has just passed the first six-month milestone and has delivered market ready documentation for $51.7 million (AU$77 million) of infrastructure upgrades and deferred more than $13.4 million (AU$20 million) of capital investment, helping drive greater value for Urban Utilities customers.

"Like many of our clients, Urban Utilities is responding to a complex mix of economic, environmental and social pressures," said Jacobs People & Places Solutions Senior Vice President of Operations Patrick Hill. "The state of Queensland has experienced sustained population growth above the national average and around 90% of this growth is concentrated in the urban areas of the South East. The global water expertise of our team will support Urban Utilities in effectively planning and delivering affordable, reliable, resilient and sustainable services for future generations as this growth continues."

Jacobs and Aurecon formed a joint venture, "AJile," to deliver the planning and design services. The project team is leveraging its global experience working with biological treatment technologies and supporting renewable energy and waste-to-resource projects to deliver catchment and system-based solutions that achieve positive environmental outcomes and value. The project team is co-located with Urban Utilities in its corporate office in Brisbane, Australia.

Aurecon Client Manager David Thomas said the sustainable management of infrastructure in Queensland requires an integrated and human-centered approach to planning across the full water cycle.

"Water security, water use efficiency, climate resilience, sustainable sanitation and reduced risk from floods are all central to how we think about the future of water. But it's more than just about engineering. We'll focus on the human experience of our customers and the communities we serve, aiming to make a difference and realize the true value of water for Queensland," said Thomas.

About Jacobs
At Jacobs, we're challenging today to reinvent tomorrow by solving the world's most critical problems for thriving cities, resilient environments, mission-critical outcomes, operational advancement, scientific discovery and cutting-edge manufacturing, turning abstract ideas into realities that transform the world for good. With $13 billion in revenue and a talent force of more than 55,000, Jacobs provides a full spectrum of professional services including consulting, technical, scientific and project delivery for the government and private sector. Visit -2%26h%3D3564949399%26u%3Dhttps%253A%252F%252Fc212.net%252Fc%252Flink%252F%253Ft%253D0%2526l%253Den%2526o%253D2654626-1%2526h%253D4257239548%2526u%253Dhttp%25253A%25252F%25252Fwww.jacobs.com%25252F%2526a%253Djacobs.com%26a%3Djacobs.com&a=jacobs.com" rel="nofollow">jacobs.com and connect with Jacobs on -2%26h%3D3496255253%26u%3Dhttps%253A%252F%252Fc212.net%252Fc%252Flink%252F%253Ft%253D0%2526l%253Den%2526o%253D2654626-1%2526h%253D957417935%2526u%253Dhttps%25253A%25252F%25252Fwww.facebook.com%25252FJacobsConnects%2526a%253DFacebook%26a%3DFacebook&a=Facebook" rel="nofollow">Facebook, -2%26h%3D2537693108%26u%3Dhttps%253A%252F%252Fc212.net%252Fc%252Flink%252F%253Ft%253D0%2526l%253Den%2526o%253D2654626-1%2526h%253D2905716696%2526u%253Dhttps%25253A%25252F%25252Fwww.instagram.com%25252Fjacobsconnects%2526a%253DInstagram%26a%3DInstagram&a=Instagram" rel="nofollow">Instagram, -2%26h%3D1687689372%26u%3Dhttps%253A%252F%252Fc212.net%252Fc%252Flink%252F%253Ft%253D0%2526l%253Den%2526o%253D2654626-1%2526h%253D3445181529%2526u%253Dhttps%25253A%25252F%25252Fwww.linkedin.com%25252Fcompany%25252Fjacobs%25252F%2526a%253DLinkedIn%26a%3DLinkedIn&a=LinkedIn" rel="nofollow">LinkedIn and -2%26h%3D1072171086%26u%3Dhttps%253A%252F%252Fc212.net%252Fc%252Flink%252F%253Ft%253D0%2526l%253Den%2526o%253D2654626-1%2526h%253D2207383687%2526u%253Dhttps%25253A%25252F%25252Ftwitter.com%25252FJacobsConnects%2526a%253DTwitter%26a%3DTwitter&a=Twitter" rel="nofollow">Twitter.

About Aurecon
Aurecon is an engineering, design and advisory company which brings ideas to life to design a better future. Aurecon has an office network spanning more than 20 countries and more than 7,000 people, with a net revenue of AU $1bn dollars. Privately owned by employees, Aurecon provides advisory, design, delivery and asset management services on projects across a range of markets in locations worldwide.

Certain statements contained in this press release constitute forward-looking statements as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are intended to be covered by the safe harbor provided by the same. Statements made in this release that are not based on historical fact are forward-looking statements. We base these forward-looking statements on management's current estimates and expectations as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from our forward-looking statements, including, but not limited to, the impact of the COVID-19 pandemic and the related reaction of governments on global and regional market conditions and the company's business. For a description of some additional factors that may occur that could cause actual results to differ from our forward-looking statements, see our Annual Report on Form 10-K for the year ended September 27, 2019, and in particular the discussions contained under Item 1 - Business; Item 1A - Risk Factors; Item 3 - Legal Proceedings; and Item 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations, as well as the company's other filings with the Securities and Exchange Commission. The company is not under any duty to update any of the forward-looking statements after the date of this press release to conform to actual results, except as required by applicable law.

For press/media inquiries:

Kerrie Sparks
214.583.8433

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SOURCE Jacobs

FAQ

What is the significance of the Jacobs and Aurecon joint venture for Urban Utilities?

The joint venture is focused on providing sewage treatment planning services that respond to the increasing demand for water management solutions in South East Queensland.

How much investment was deferred by Urban Utilities in the recent project?

Urban Utilities deferred $13.4 million in capital investment as part of the project.

What assets does Urban Utilities manage?

Urban Utilities manages approximately $3.76 billion in assets, including 29 sewage treatment plants.

What is the total value of infrastructure upgrades delivered by Jacobs and Aurecon?

Jacobs and Aurecon delivered documentation for $51.7 million in infrastructure upgrades.

What is Jacobs' approach to supporting Urban Utilities?

Jacobs leverages its global expertise in environmental solutions to provide effective and sustainable water management services.