DALLAS, Dec. 21, 2020 /PRNewswire/ -- Jacobs
(NYSE:J) and Stantec – key partners in the 360 Transit Alliance
Joint Venture – were selected by Infrastructure Ontario (IO) and
Metrolinx to execute a Program Control Services contract for
Ontario's four priority projects
in the Greater Toronto Area. These
include the new Ontario Line, the Scarborough Subway Extension, the
Yonge Street North Subway Extension and the Eglinton Crosstown West
LRT extension – with a total estimated capital value of
$28.5 billion.
360 Transit Alliance will provide project controls that include
scheduling, risk management, and quality assurance from multiple
offices in Ontario, supported by
additional global expertise.
"Increasing access to transit and improving quality of life by
reducing daily travel time is important to creating connectivity
throughout the Greater Toronto
area," says Jacobs Senior Vice President and North Regional
Director, Building & Infrastructure Americas Gary Morris. "We
can help implement faster and more reliable transit service in all
directions across the metro area."
The new Ontario Line will span nearly 16 kilometers and add 15
new stations across the city, from Exhibition Place in the
southwest to the Ontario Science Centre in the northeast. The
Scarborough Subway Extension will add three stops over 7.8
kilometers to bring the Toronto Transit Commission's existing Line
2 subway service even further into Scarborough. The Eglinton Crosstown West
Extension will add seven stops over 9.2 kilometers west of the
Crosstown's Mount Dennis Station. The Yonge Street North Subway
Extension will also bring the Toronto Transit Commission's existing
Line 1 subway service to the cities of Vaughan, Markham and Richmond
Hill.
"This is the one of Canada's
largest and most technically complex programs and we're pleased
that Infrastructure Ontario and Metrolinx have put their faith in
us," said Stantec Senior Principal and Lead Program Controls
Manager Tom Baginski. "Once
complete, these four projects will positively impact millions of
people and will be critical connectors for North America's fastest growing metro
region."
About Jacobs
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 $14 billion
in revenue and a talent force of more than 55,000, 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 Twitter.
Certain statements contained in this press release constitute
forward-looking statements as such term is defined in Section 27A
of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, and such statements
are intended to be covered by the safe harbor provided by the same.
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,
including, but not limited to, the impact of the COVID-19 pandemic
and the related reaction of governments on global and regional
market conditions and the company's business. For a description of
some additional factors that may occur that could cause actual
results to differ from our forward-looking statements, see our
Annual Report on Form 10-K for the year ended October 2, 2020, and in particular 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, 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:
Kerrie Sparks
214.583.8433
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SOURCE Jacobs