Jacobs Receives Contract from New Jersey Turnpike Authority to Provide Supervision of Construction Services on the NJ Turnpike

September 1, 2015 | By Business Wire News

PASADENA, Calif.

Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it was awarded a contract from the New Jersey Turnpike Authority (Authority) to provide resident engineering and construction inspection services for roadwide guide sign improvements on the New Jersey Turnpike.

Officials estimate the construction value to be $26 million. Construction began July 2015 with substantial completion anticipated for the fall of 2017.

This project is being implemented as part the Authority’s 10-year capital investment program. The primary purpose is to replace and/or upgrade the roadway signs and sign legends to be consistent with the Manual for Uniform Traffic Control Devices (MUTCD).

Under the terms of the contract, Jacobs is providing supervision of construction for Construction Contract No. T600.319, roadwide guide sign improvements on the New Jersey Turnpike including replacement of existing guide sign panels; fabrication and installation of new sign structures; removal of existing sign structures; relocation of existing cantilever sign structures at new locations; constructing foundations for new and relocated structures; sign lighting work; installation of roadway safety features; and associated maintenance and protection of traffic (MPT) work. This project also includes fabrication and installation of a new VMS structure on the Turnpike; reconnecting signs and ITS devises to the existing system; and testing and final commissioning.

In making the announcement, Jacobs Group Vice President Randy Piercestated, “We are delighted to continue in our role assisting the Authority in achieving its capital investment goals along the NJ Turnpike. The toll-paying, traveling patrons who utilize the Turnpike will closely monitor this highly visible project. Through our long-standing relationship with the Authority and proactive responsiveness to the traveling patrons, we will work closely with the Authority to deliver a quality project.”

Jacobs is one of the world’s largest and most diverse providers of technical professional and construction services.

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 2014 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 do not undertake to update any forward-looking statements made herein.