Press release from Business Wire
AECOM awarded US$30-million program management contract for Delhi Mumbai Industrial Corridor in Gujarat, India
Monday, July 29, 2013
AECOM awarded US$30-million program management contract for Delhi Mumbai Industrial Corridor in Gujarat, India07:00 EDT Monday, July 29, 2013
LOS ANGELES (Business Wire) -- AECOM Technology Corporation (NYSE: 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 it has been awarded a program management contract for the Dholera Special Investment Region (DSIR) in Gujarat, India, for the Delhi Mumbai Industrial Corridor (DMIC).
The US$30-million contract has a base period of five years, with an option to extend for additional five-year terms.
AECOM will provide full program management services for the DSIR as part of the DMIC Development Corporation's new cities infrastructure program. The program aims to transform India's manufacturing and service base by developing a number of smart, sustainable and industrial cities along the DMIC — a 921-mile long corridor between Delhi and Mumbai. The 347-square-mile DSIR township will be the first city implemented under the program.
“AECOM is honored to play a part in this key program as it works to expand India's manufacturing and services base, as well as contributes to the development of the DMIC into a global manufacturing and trade hub,” said John M. Dionisio, AECOM chairman and chief executive officer. “We look forward to the opportunity to draw on AECOM's global expertise in order to build a smart, sustainable city.”
The Dholera region comprises 22 villages that will be incorporated as part of the master plan. AECOM's project scope consists of implementing all base infrastructure, including water supply, sewerage, roads, highways, power and rail; performing extensive flood-control and drainage measures to protect the future city; and overseeing the development and execution of all public-private partnership delivered projects, such as the rail connecting Ahmedabad to Dholera, industrial (tertiary) wastewater treatment and potable water treatment plant.
The DSIR will be built in three phases with the estimated construction value for the Phase 1a (2013-2018) base infrastructure to be worth more than US$2 billion.
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 March 31, 2013. 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 March 31, 2013, 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