Jacobs Wins Role on Transport for London's Capital Program Delivery Partner Contract

Rhea-AI Summary

Jacobs (NYSE:J) has been awarded a four-year Capital Program Delivery Partner Contract by Transport for London (TfL), in collaboration with Gardiner and Theobald. This contract aims to enhance public transport through project management and construction services, focusing on improvements like station upgrades and road enhancements. Immediate mobilization is planned, leveraging Jacobs' extensive expertise gained from past projects, including the Elizabeth Line. With $15 billion in annual revenue and approximately 60,000 employees, Jacobs is committed to contributing to sustainable urban development and improving public transport accessibility.

Positive

• Awarded a four-year Capital Program Delivery Partner Contract with Transport for London.
• Immediate mobilization for various infrastructure improvements across the TfL network.
• Jacobs has a long-standing relationship with TfL, enhancing credibility and expertise.

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• None.

Strategic planning and development to deliver sustainable, smarter, more accessible public transport solutions

DALLAS, Jan. 18, 2023 /PRNewswire/ -- Jacobs (NYSE:J) has secured a position on Transport for London's (TfL) Capital Program Delivery Partner Contract working with Gardiner and Theobald. TfL will use this contract to procure all project management, construction management and project management office (PMO) services and resources. 

TfL estimates the contract will operate for a four-year period, with immediate mobilization. The contract enables TfL's Capital Delivery teams, responsible for the delivery of all major programs and line upgrades across the TfL network, to access agile consultancy support from Jacobs. Initially, Jacobs will support projects including station improvements; asset maintenance; road improvements; line upgrades; systems; healthy streets; commercial development and major engineering projects.

"Planning and delivery of critical infrastructure across the network is vital to supporting more active, accessible and sustainable public transport options that create greener, healthier places," said Jacobs People & Places Solutions Senior Vice President Europe Kate Kenny. "Working collaboratively with TfL, Jacobs brings wide-ranging capability from across the company to benefit the Capital Program and will help TfL provide additional staff development opportunities through joint knowledge sharing and mentoring."

Jacobs has supported TfL continuously since it was established in 2000 across a range of projects and programs, including supporting delivery of the Elizabeth line; the integrated impact assessment for London's Ultra Low Emission Zone (ULEZ), the ULEZ extension and changes to road user charges; multi-disciplinary design support for TfL's Bus Priority Program; and a range of other consultancy services.

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 $15 billion in annual revenue and a talent force of approximately 60,000, Jacobs provides a full spectrum of professional services including consulting, technical, scientific and project delivery for the government and private sector. Visit jacobs.com and connect with Jacobs on Facebook, Instagram, LinkedIn and Twitter.

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, the timing of the award of projects and funding under the Infrastructure Investment and Jobs Act, as well as general economic conditions, including inflation and the actions taken by monetary authorities in response to inflation, changes in interest rates and foreign currency exchange rates, changes in capital markets, the possibility of a recession, geopolitical events and conflicts, and the impact of the COVID-19 pandemic, including the related reaction of governments on global and regional market conditions, among others. For a description of some additional factors that may occur that could cause actual results to differ from our forward-looking statements, see 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 in our most recently filed Annual Report on Form 10-K, 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 contract has Jacobs secured with Transport for London?

Jacobs has secured a four-year Capital Program Delivery Partner Contract with Transport for London to provide project management and construction services.

How long will Jacobs' contract with TfL last?

The contract with Transport for London is set to last for four years.

What are the key focuses of Jacobs' projects under the TfL contract?

Jacobs will focus on station improvements, asset maintenance, road enhancements, line upgrades, and other major infrastructure projects.

What is Jacobs' annual revenue?

Jacobs generates approximately $15 billion in annual revenue.

What is the stock symbol for Jacobs?

Jacobs is listed on the NYSE under the stock symbol 'J'.