Jacobs Serves as Designer of Record for West Lake Commuter Rail Corridor

Rhea-AI Summary

Jacobs (NYSE:J) has been appointed as the designer of record for the $933 million West Lake Corridor extension of the South Shore commuter rail line in Indiana. This project aims to enhance access for Lake County residents to Chicago, significantly reducing travel time to 47 minutes. The initiative includes approximately eight new miles of track and four new stations, with estimated completion in 2024. Jacobs emphasizes the project's alignment with their values of improving accessibility and fostering economic growth, while also highlighting their extensive industry expertise with $14 billion in revenue.

Positive

• Jacobs serves as the designer for the $933 million West Lake Corridor project.
• The project will enhance access to Chicago for Lake County residents, promoting economic growth.
• Expected travel time to Chicago will be significantly reduced to 47 minutes.
• The project includes the construction of four new stations and additional infrastructure.

Negative

• None.

DALLAS, Jan. 13, 2021 /PRNewswire/ -- Jacobs (NYSE:J) will serve as the designer of record for the F.H. Paschen and Ragnar Benson Joint Venture responsible for the eight-mile West Lake Corridor extension of the South Shore commuter rail line between Hammond and Dyer, Indiana. Expanding the South Shore Line will increase access for the growing area of Lake County, Indiana to connect more easily to Chicago.

Delivered as a design-build project, the owner, The Northern Indiana Commuter Transportation District, estimates the cost of the project to be $933 million and construction to finish in 2024. The West-Lake Corridor project will provide Lake County residents with faster and more reliable access to employment and entertainment in Chicago. Along with approximately eight new miles of track, the new corridor will include four new stations with parking lots, park-and-ride areas, and ADA parking and station access. The expected travel time from the new Munster/Dyer Main Street station to Chicago's Millennium Station is 47 minutes with 12 trips to/from during weekday peak.

"Improving accessibility, creating jobs and generating economic, social and environmental benefits strongly aligns with Jacobs' values," said Jacobs People & Places Solutions Senior Vice President Gary Morris. "Connecting Lake County area residents to Chicago and Cook County, Illinois is a step toward how we'd like to reimagine mobility for tomorrow in the Midwest."

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 $14 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 jacobs.com and connect with Jacobs on Facebook, Instagram, LinkedIn and Twitter.

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 October 2, 2020, 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 West Lake Corridor project associated with Jacobs (J)?

The West Lake Corridor project, with an estimated cost of $933 million, is an extension of the South Shore commuter rail line aimed at improving access from Lake County, Indiana, to Chicago.

When is the West Lake Corridor project expected to be completed?

The West Lake Corridor project is expected to be completed in 2024.

How much revenue does Jacobs (J) generate?

Jacobs generates approximately $14 billion in revenue.

What are the benefits of the West Lake Corridor extension for Lake County residents?

The extension will provide faster and more reliable access to employment and entertainment in Chicago, along with new stations and improved infrastructure.