Jacobs Joint Venture Appointed as Technical Advisor for Major Australia Rail Infrastructure Program

DALLAS, Sept. 27, 2018 /PRNewswire/ -- Jacobs Engineering Group Inc. (NYSE:JEC), as part of the Aurecon Jacobs Mott MacDonald Joint Venture (AJM JV), has been appointed as technical advisor to Rail Projects Victoria (previously the Melbourne Metro Rail Authority) for the Victorian Rail Infrastructure Program (VRIP).

VRIP will investigate a range of options, including the development of new demand corridors – such as Melbourne Airport Rail Link – faster rail to the regions, integrated corridor planning, electrification to growth areas and dedicated rolling stock capable of speeds much quicker than any currently operating in the state of Victoria.

"Alongside Rail Projects Victoria, Jacobs is already helping improve connectivity and livelihoods for the traveling public – and this new appointment creates an opportunity for our team to help shape the next decade of improvements across the rail network," said Jacobs Buildings, Infrastructure and Advanced Facilities Senior Vice President Patrick Hill. "This is a major piece of strategic planning and design work with the Victorian Government, unlocking the economic potential of the State while also providing a strong foundation of our business for many years to come."

VRIP will build on the successful work undertaken by Jacobs, in partnership with Aurecon and Mott MacDonald, during the past 3 1/2 years on the Ballarat Line Upgrade, the Regional Rail Revival in Victoria and the Melbourne Metro Tunnel Project – the latter which will begin hosting some of Melbourne's busiest train lines to free up capacity to carry more than half a million additional passengers per week and provide time savings for commuters.

Jacobs leads the global professional services sector delivering solutions for a more connected, sustainable world. With $15 billion in fiscal 2017 revenue when combined with full-year CH2M revenues and a talent force of more than 77,000, Jacobs provides a full spectrum of services including scientific, technical, professional and construction- and program-management for business, industrial, commercial, government and infrastructure sectors. For more information, visit www.jacobs.com, and connect with Jacobs on LinkedIn, Twitter, Facebook and Instagram.

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. For a description of some of the factors which may occur that could cause actual results to differ from our forward-looking statements please refer to our Form 10-K for the year ended September 29, 2017, and in particular the discussions contained under Items 1 - Business, 1A - Risk Factors, 3 - Legal Proceedings, and 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations. We do not undertake to update any forward-looking statements made herein.

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SOURCE Jacobs Engineering Group Inc.