AECOM joint venture awarded US$72-million contract for King Khaled International Airport expansion p
Mar 11th 2013 7:18AM
Updated Mar 11th 2013 8:35AM
AECOM joint venture awarded US$72-million contract for King Khaled International Airport expansion project
LOS ANGELES--(BUSINESS WIRE)-- AECOM Technology Corporation (NYS: ACM) , a leading provider of professional technical and management support services for public and private clients in more than 140 countries around the world, announced today that a joint venture in which it participates was awarded a five-year, US$72-million contract for the redevelopment and expansion of King Khaled International Airport (KKIA) in Riyadh, Saudi Arabia, to meet a future capacity of 30 million passengers annually.
AECOM will provide program support as well as project and construction management services, including administration, project planning, design management, construction management, information and data management, public relations and communications, financial management, contract management, operational readiness and airport transfer coordination services.
"We are delighted to play an integral part in the expansion of the King Khaled International Airport," said AECOM Chairman and Chief Executive Officer John M. Dionisio. "Participating in this visionary project is a major achievement for AECOM, reflecting the continued advancement of our innovative aviation and construction services in the Middle East."
The KKIA passenger terminals will be designed to handle an increase in capacity, with AECOM providing a new processing facility; new domestic, international and swing-capability concourses; terminal renovations; new aprons; temporary elements to maintain a high level of service during the construction stages; as well as upgrading and expanding the main load center with the associated utility connections.
The project is part of a program led by the country's General Authority of Civil Aviation to redevelop KKIA into a modern commercial airport designed to industry-leading standards.
AECOM is a global provider of professional technical and management support services to a broad range of markets, including transportation, facilities, environmental, energy, water and government. With approximately 45,000 employees around the world, AECOM is a leader in all of the key markets that it serves. AECOM provides a blend of global reach, local knowledge, innovation and technical excellence in delivering solutions that create, enhance and sustain the world's built, natural, and social environments. A Fortune 500 company, AECOM serves clients in more than 140 countries and had revenue of $8.2 billion during the 12 months ended Dec. 31, 2012. More information on AECOM and its services can be found at www.aecom.com.
Forward-Looking Statements: All statements in this press release other than statements of historical fact are "forward-looking statements" for purposes of federal and state securities laws, including any projections of earnings, statements of plans for future operations or expected revenue. Actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause actual results to differ materially from our forward-looking statements are set forth in our quarterly report on Form 10-Q for the fiscal quarter ended Dec. 31, 2012, and our other reports filed with the U.S. Securities and Exchange Commission. AECOM does not intend, and undertakes no obligation, to update any forward-looking statement.
AECOM Technology Corporation
VP, External Communications
KEYWORDS: United States North America California Saudi Arabia Middle East
The article AECOM joint venture awarded US$72-million contract for King Khaled International Airport expansion project originally appeared on Fool.com.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.