Jacobs Selected to Design Critical Freight Corridor in Washington State
Jacobs (NYSE:J) has been chosen by the Washington State Department of Transportation to lead the SR 509 Stage 2 Completion Project. This initiative is part of the Puget Sound Gateway Program, connecting I-5 and SR 509, enhancing access to Sea-Tac Airport and the Port of Seattle. Jacobs, partnered with Guy F. Atkinson Construction, will design and build five new bridges, modify an existing one, and develop stormwater and active transportation infrastructure.
The project aims to reduce congestion and improve connectivity in the Kent Valley. Jacobs and Atkinson have a 19-year collaborative history with the Washington State Department of Transportation, providing significant transportation improvements in the state. Jacobs, ranked No. 2 in Transportation by Engineering News-Record, has a strong track record in managing large-scale infrastructure projects globally. Jacobs generates approximately $16 billion in annual revenue and employs over 60,000 people worldwide.
- Jacobs awarded the SR 509 Stage 2 Completion Project as lead designer.
- Project to improve access to Sea-Tac Airport and Port of Seattle, reducing congestion.
- Jacobs to design and construct five new bridges and modify one bridge.
- Project includes development of stormwater infrastructure and active transportation facilities.
- Jacobs and Atkinson have a 19-year history of collaboration with the Washington State Department of Transportation.
- Jacobs ranked No. 2 in Transportation by Engineering News-Record.
- Jacobs has a global track record of managing large-scale infrastructure projects.
- Jacobs generates approximately $16 billion in annual revenue.
- Jacobs employs over 60,000 people worldwide.
- None identified in the press release.
Insights
The selection of Jacobs as the lead designer for the SR 509 Stage 2 Completion Project is a significant milestone for the company. This project is part of the Puget Sound Gateway Program, which aims to improve transportation infrastructure in Washington State. The completion of this segment will enhance the connectivity between I-5 and SR 509, facilitating smoother travel to key locations like Sea-Tac Airport and the Port of Seattle. This will likely reduce congestion and improve logistics efficiency for freight and passenger travel.
From a financial perspective, this project reinforces Jacobs' reputation and strengthens its portfolio in the transportation sector. The ongoing partnership with Atkinson and the Washington State Department of Transportation showcases their capability to handle large-scale infrastructure projects, which can attract further contracts and revenue streams. In the short term, the project is likely to generate consistent revenue, while in the long term, it positions Jacobs as a preferred partner for similar future projects.
This kind of infrastructure development often leads to economic growth in the region, as improved transportation systems can boost trade and development. Investors should consider the potential for sustained revenue growth and an enhanced strategic position in the market.
Jacobs' involvement in the SR 509 project is a strategic win. The transportation sector is critical for economic development and successful execution of such projects can significantly enhance regional connectivity and economic activity. The project also includes the construction of active transportation infrastructure, which aligns with increasing societal trends towards sustainable and environment-friendly modes of transport.
From a market perspective, this project can serve as a case study showcasing Jacobs' capability in handling complex infrastructure projects. It will likely boost their market reputation and competitive edge, especially in regions prioritizing infrastructure upgrades. Additionally, the involvement in sustainable transportation projects can appeal to environmentally conscious investors, aligning with broader ESG (Environmental, Social and Governance) criteria increasingly considered in investment decisions.
In the short term, market reactions will likely be positive, given the project's scope and Jacobs' established track record. Long-term, successful project delivery can translate into enhanced shareholder value through sustained performance and potential future contracts.
Project will ease travel congestion and improve access to Sea-Tac Airport and Port of
As lead designer, Jacobs is part of the design-build team led by Guy F. Atkinson Construction LLC (Atkinson) that will design and construct this critical project, including five new bridges and one bridge modification; stormwater conveyance and treatment facilities; and construction of active transportation infrastructure that supports walking, cycling and other physical modes of travel.
"This project continues our strong collaboration with Atkinson in delivering best-in-class solutions to the
Jacobs and Atkinson have a 19-year relationship supporting the
Ranked as No. 2 in Transportation by Engineering News-Record, Jacobs helps clients move people, goods and freight – whether by air, sea, underground or even through mountains. Our solutions help plan, develop, finance, design, construct, maintain and operate smart transportation infrastructure – such as Queensferry Crossing,
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 approximately
Atkinson is a leader in delivering complex projects. Founded in 1926, Atkinson has played a vital role in shaping our nation's infrastructure. Atkinson provides innovative design and construction solutions for heavy civil projects to meet our client's needs.
Certain statements contained in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that do not directly relate to any historical or current fact. When used herein, words such as "expects," "anticipates," "believes," "seeks," "estimates," "plans," "intends," "future," "will," "would," "could," "can," "may," and similar words are intended to identify 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, our plans to spin off and merge with Amentum our Critical Missions Solutions business and a portion of our Divergent Solutions business in a proposed transaction that is intended to be tax-free to stockholders for
For press/media inquiries:
media@jacobs.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/jacobs-selected-to-design-critical-freight-corridor-in-washington-state-302162275.html
SOURCE Jacobs
FAQ
What project has Jacobs been selected for in Washington State?
What is the purpose of the SR 509 Stage 2 Completion Project?
Who is Jacobs partnering with for the SR 509 Stage 2 Project?
What specific tasks will Jacobs undertake in the SR 509 Stage 2 Project?
What is the significance of Jacobs' ranking by Engineering News-Record?
How long has Jacobs collaborated with the Washington State Department of Transportation?
What is Jacobs' annual revenue?
How many employees does Jacobs have?
