Jacobs Receives Contract for East Side Access Tunnel and Rail Work in New York City

PASADENA, Calif., April 29 /PRNewswire-FirstCall/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it and its joint venture partner, LiRo Engineers, Inc., received a contract from the Metropolitan Transportation Authority Capital Construction Company to provide consultant construction management services for the East Side Access project in New York City, N.Y.

Officials estimate the value of the seven-year contract at $75 million.

The project involves boring nearly seven miles of railroad tunnels in Manhattan and Queens; laying 50,000 feet of track; building a new terminal under Grand Central Terminal; and building a new commuter station in the Sunnyside Yard in Queens in addition to extensive infrastructure work.

The new tunnel and track system will provide an alternative route for the Long Island Railroad (LIRR) trains that currently travel underground to Pennsylvania Station on Manhattan's West Side into the new terminal under Grand Central Terminal on the East Side. The connection will increase the LIRR's capacity into Manhattan and shorten travel time dramatically for commuters traveling from Long Island and eastern Queens to the East Side of Manhattan.

The project requires using giant tunnel boring machines to excavate more than a mile of hard-rock dual-bored tunnels under Park Avenue in Manhattan and to bore four soft-ground tunnels to the Sunnyside Yard in Queens. In addition to building the concourse under Grand Central Terminal, the project includes construction of new entrances, ventilation buildings, and substantial surface work -- such as retaining walls and track realignments -- that will be completed during ongoing rail activity in Sunnyside Yard.

In making the announcement, Jacobs Group Vice President Kevin J. McMahon said, "We are delighted to have been selected with our joint venture partner for this project. We look forward to continuing our relationship with the Metropolitan Transportation Authority by providing the services needed to support its goals of promoting economic development and improvements in services for its customers, which help improve the quality of life in the New York metropolitan region."

LiRo's Chief Executive Officer Luis M. Tormenta, P.E., added, "We are most pleased to serve in our role as consultant construction manager with our joint venture partner Jacobs to assist MTA in bringing the nation's largest commuter rail operation into Grand Central Terminal."

Jacobs, with over 54,000 employees and exceeding $9 billion in revenues, provides technical, professional, and construction services globally.

Any statements made in this release that are not based on historical fact are forward-looking statements. Although such statements are based on management's current estimates and expectations, and currently available competitive, financial, and economic data, forward-looking statements are inherently uncertain. We, therefore, caution the reader that there are a variety of factors that could cause business conditions and results to differ materially from what is contained in 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 2007 Form 10-K, 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 also caution the readers of this release that we do not undertake to update any forward-looking statements made herein.

For additional information contact:

Mary Bloom

626.578.6992

SOURCE Jacobs Engineering Group Inc.



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