Company News »

Jacobs on Joint Venture Team Selected for Florida DOT’s I-4 Ultimate Project

Business Wire
Share on StockTwits
Published on

Jacobs Engineering Group Inc. (NYSE:JEC) announced today that its joint venture with HDR is part of the I-4 Mobility Partners team selected by the Florida Department of Transportation (FDOT) to deliver the I-4 Ultimate Project in Orange and Seminole Counties, Fla.

I-4 Mobility Partners is comprised of Skanska Infrastructure Development and John Laing (Concessionaire), Skanska, Granite, Lane Construction Joint Venture, and HDR and Jacobs as the Design Joint venture.

Under the terms of the contract, the HDR/Jacobs joint venture is delivering final design of the project, including roadway/traffic control, drainage, structures, intelligent traffic systems, signing and signalization, lighting, landscaping and aesthetics.

The $2.32 billion I-4 Ultimate project includes the reconstruction of 21 miles of I-4; reconstructing 15 major interchanges, constructing more than 140 bridges, adding four variable priced toll express lanes in the median, and completely rebuilding the general use lanes along the entire corridor. The project is being procured by FDOT as a public-private partnership (PPP).

In making the announcement, Jacobs Group Vice President Randy Pierce stated, “We are delighted to be on the team selected to deliver this historically significant project for FDOT. It is a tremendous opportunity for us to bring our world-class global engineering and infrastructure experience together with our deep understanding of the local market in Florida. We look forward to working with HDR and the other members of I-4 Mobility Partners to help FDOT reach its goals for this project.”

The PPP’s concession agreement sets the concessionaire’s responsibility to design, build, finance, operate and maintain the facility for 40 years. Under this procurement method; large, complex projects can be combined and accelerated using the public-private partnership approach, advancing the benefits of the project to the public sooner than traditional methods.

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 2013 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.

Note to editors:

High-resolution images are available for download at www.I4Ultimate.com

For I-4 Ultimate media inquiries, contact Steve Olson, (386) 943-5479 or steve.olson@dot.state.fl.us

Share on StockTwits