Project reduces congestion and increases
sustainable transit options for residents and tourists in
Washington, D.C.
DALLAS, Aug. 20,
2024 /PRNewswire/ -- As a result of superior
performance, Jacobs (NYSE:J) was awarded an extension as
program management consultant for the District Department of
Transportation (DDOT) DC Streetcar. Launched five years ago to
expand transit service in the nation's capital, the electric fleet
of streetcars connects communities and provides an environmentally
friendly transit option.
The 2.4-mile DC Streetcar route serves a corridor of mixed-use
development, including schools, restaurants, housing, historical
landmarks and other community locations. As program management
consultant, Jacobs supports DDOT's program implementation,
including technical assistance; general engineering support; and
stakeholder engagement with utilities, residences and businesses.
The two-year extension expands Jacobs' scope of work to include
oversight and management of operations and maintenance activities,
on-site engineering services, safety and security planning and
external communications.
"Reviving the streetcar in Washington,
D.C. is not only a nod to the city's historic roots when
streetcars were a vital transport option, but also a promise to its
bright future," said Jacobs Senior Vice President Chrissy Thom. "Working as the District
Department of Transportation's Program Management Consultant for
over five years, we've enhanced mobility and connectivity,
providing more opportunities for employment and attracting new
business along the corridor. Our experience on similar global
programs provides DDOT with a trusted advisor to keep the DC
Streetcar moving into its next chapter."
D.C.'s streetcar history dates to the 1880s, when the city had a
robust network of more than 200 miles of track, 16 route lines and
multiple companies providing service before end of service in 1962.
Today, with daily ridership reaching levels as high as 3,500
passengers, the new streetcar links D.C. neighborhoods with a
modern, convenient and attractive transportation alternative.
Ranked as No.1 in Program
Management by Engineering News-Record, Jacobs
delivers today's most complex, challenging and iconic
infrastructure and transformation programs. Jacobs has supported
programs like Expo 2020 Dubai, which transformed over 1,000
acres into a lasting urban legacy; the Thames Tideway Tunnel
program, which is cleaning up one of London's greatest natural assets, the iconic
River Thames, and improving the
quality of life for all Londoners; and redevelopment of
Denver's iconic National Western
Center into a sustainable, year-round destination for agriculture,
education and entertainment.
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 $16 billion
in annual revenue and a talent force of more than 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
X.
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, our plans to spin off and merge with Amentum
our Critical Missions Solutions business and a portion of our
Divergent Solutions business in a proposed transaction that is
intended to be tax-free to stockholders for U.S. federal income tax
purposes, the timing of the award of projects and funding and
potential changes to the amounts provided for under the
Infrastructure Investment and Jobs Act and other legislation
related to governmental spending, 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 or economic downturn, geopolitical
events and conflicts, and the impact of any future pandemic or
infectious disease outbreak, 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, and Item 2 - Management's Discussion and Analysis
of Financial Condition and Results of Operations; Item 1 - Legal
Proceedings; and Item 1A - Risk Factors in our most recently filed
Quarterly Report on Form 10-Q, 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:
media@jacobs.com
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SOURCE Jacobs
