Framework supports $3.8
billion capital investment program over next five years
United Utilities' largest ever environmental
program to advance water services modernization in North West England
DALLAS, June 11,
2024 /PRNewswire/ -- A Jacobs (NYSE:J) and
VolkerStevin joint venture, C2V, has been appointed by United
Utilities, one of the U.K.'s largest listed water companies, as
Construction Delivery Partner (CDP) to support their major capital
investment program. It will be the most ambitious and
challenging program United Utilities has ever delivered.
C2V will deliver project management, design, build and
commissioning solutions for complex capital projects covering water
and wastewater treatment, pumping stations,
reservoirs, bioresources and energy.
All organizations on the specialist framework will form an
integrated delivery organization with United Utilities to deliver
its planned circa $3.8 billion (£3
billion) capital program from 2025 to 2030, with an option to
extend for an additional five years, from 2030 to 2035.
"The water sector is facing unprecedented environmental
challenges. This framework positions United Utilities to deliver
its largest ever program to advance environmental performance and
critical water services in North West
England," said Jacobs Senior Vice President Kate Kenny. "With our 20+ years' experience
working in the region, we can further contribute vital
water and wastewater infrastructure solutions that deliver
stronger, greener and healthier customer and environmental
benefits."
VolkerStevin Managing Director John
Cox said: "We're looking forward to collaborating with
United Utilities, enterprise partners and the supply chain
ecosystem to deliver the region's biggest ever environmental
program. The enterprise model presents a unique opportunity for our
businesses to collaborate, transform the way in which we work
together and deliver more social and environmental value to the
North West region than ever before. We are excited to take the next
step in our journey with United Utilities to build a stronger,
greener and healthier North West
England for everyone."
United Utilities Capital Delivery Director Jane Simpson said: "We're really excited that we
have secured some strong delivery partners to ensure we can deliver
on our ambitious plans to transform infrastructure and services in
the North West.
"It will be our most ambitious program yet and by putting this
partnership in place with some of the best design and construction
companies in the country, it allows us to get to work quickly and
deliver the transformation that we know our customers want to
see."
The Water Services Regulation Authority for England and Wales - Ofwat - will review United Utilities'
proposals and give its draft response by July 2024, with final plans agreed by
December 2024. United Utilities
provides water and wastewater services to around seven million
people, supplying three million households and 200,000 business
premises.
Jacobs and VolkerStevin have supported United Utilities as C2V
for the past 10 years – delivering both water and wastewater
projects providing safe, secure and resilient water resources and
improving river water quality across North West England.
Jacobs is also part of United Utilities' new Strategic Solutions
Team supporting program optimization for their major capital works.
Jacobs supported on United Utilities' current engineering services
framework for the past 10 years, providing strategic studies and
business planning through to asset optimization, project and
program management—working together to ensure the resilience of
critical assets such as the Haweswater Aqueduct. United Utilities
implemented a Dynamic Network Management approach, powered by
Jacobs' Aqua DNA—a Digital OneWater solution that collects live
data and enhances wastewater network performance using smart
sensors and AI-driven predictive analytics—to proactively address
challenges and prevent issues. Jacobs has supported United
Utilities with successful regulatory submissions to Ofwat, while
also being one of their lead partners in successfully securing
strategic funding from Ofwat's Innovation Fund.
Since 2006, Jacobs has been ranked as the No.1 design
firm in Sewer/Wastewater Treatment
(2023) by Engineering News-Record. As one of the
largest service providers to U.K. water authorities, Jacobs
helps plan, develop, finance, design, deliver and maintain
world-class water infrastructure solutions that manage this
essential resource.
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 Jacobs press/media inquiries:
E: media@jacobs.com
For VolkerStevin media inquiries:
E: jenny.haydon@volkerstevin.co.uk
View original content to download
multimedia:https://www.prnewswire.com/news-releases/jacobs---volkerstevin-joint-venture-appointed-to-uks-united-utilities-construction-delivery-partner-framework-302169291.html
SOURCE Jacobs