PASADENA, Calif.--(BUSINESS WIRE)--Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it was awarded a contract from the New Jersey Department of Transportation (NJDOT) to provide construction inspection services for the rehabilitation of the existing 4,877 ft. EB (low-level) Route 37 Mathis Bridge over Barnegat Bay, including the double-leaf bascule section.
Officials estimate the construction value to be $79 million with a contract value estimated at $7.7 million.
Under the terms of the contract, Jacobs is providing supervision of construction for the replacement of the superstructure on all approach spans with exothermic deck units and the structural, electrical and mechanical rehabilitation of the bascule section. Traffic is not expected to be impacted during the summer season and will be diverted to a reconfigured traffic pattern on the Tunney Bridge during off season construction activities.
In making the announcement, Jacobs Group Vice President Randy Pierce stated, “Both the Mathis Bridge and the neighboring Tunney Bridge are used to travel on and off the barrier island from Toms River to Seaside Heights, N.J., one of the well-known summer retreats and year-round shore communities. Therefore, we are glad to partner with NJDOT to provide better and more reliable access to this popular area of New Jersey, which plays a big part in the overall vitalization of its economy.”
Construction is anticipated to continue for three seasons and is expected to be substantially complete in May 2018. One lane eastbound and two lanes westbound are to be maintained on the Tunney Bridge during each construction season. The eastbound Mathis Bridge will be completely closed to vehicle traffic during these construction seasons.
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 2014 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.
