Omaha streetcar
project will connect downtown urban area to surrounding
neighborhoods delivering lasting economic and environmental
benefits
DALLAS, July 11,
2024 /PRNewswire/ -- Jacobs (NYSE:J) was selected as
Owner's Representative for the Omaha Streetcar Authority's
streetcar project, which will establish transportation options and
attract new growth in Omaha's
urban core. Following an expected three-mile loop, the streetcar
route will include more than 15 stops, providing a critical
connection to downtown and midtown Omaha.
Consulting with the Omaha Streetcar Authority for nearly a year,
and now as Owner's Representative, Jacobs' services will include
design review, delivery oversight, and management of project budget
and schedule. When complete, the streetcar will link urban areas
and destinations – allowing residents and visitors to visit
Omaha's downtown and midtown
neighborhoods without driving, alleviating congestion and parking
concerns.
"The Omaha streetcar is a
catalyst for community vitality, economic growth and improved
quality of life. In addition, it provides downtown residents direct
connection to businesses, entertainment and community amenities,"
said Jacobs Senior Vice President Katus
Watson. "The project will connect several strategic
districts, including major medical facilities, universities,
cultural and entertainment centers – stimulating employment
opportunities. As Owner's Representative, we'll provide critical
design review, scheduling and other advisory services that will
enhance accessibility, equity and opportunity for this growing
city."
With lifespans expected to be twice as long as buses or cars,
Omaha streetcars will run on
electricity – making them quiet and exhaust-free. The project is
expected to deliver $13 million in
safety benefits over a 20-year period with fewer cars on the road,
provide $12.1 billion in annual
economic activity across the greater Omaha area, and serve as a catalyst for
employment growth, talent recruitment and retention, higher density
expansion and economic development.
Ranked as No.1 in Program
Management by Engineering News-Record, Jacobs
delivers today's most complex, challenging and iconic
infrastructure and transformation programs. Jacobs has supported
programs like Expo 2020 Dubai, which transformed over 1,000
acres into a lasting urban legacy; the Thames Tideway
Tunnel program, which is cleaning up one of London's greatest natural assets, the iconic
River Thames, and improving the
quality of life for all Londoners; and redevelopment of
Denver's iconic National Western
Center into a sustainable, year-round destination for agriculture,
education and entertainment.
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 $16 billion
in annual revenue and a talent force of more than 60,000, 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
X.
Certain statements contained in this press release constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements are statements that do not directly relate to any
historical or current fact. When used herein, words such as
"expects," "anticipates," "believes," "seeks," "estimates,"
"plans," "intends," "future," "will," "would," "could," "can,"
"may," and similar words are intended to identify 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, our plans to spin off and merge with Amentum
our Critical Missions Solutions business and a portion of our
Divergent Solutions business in a proposed transaction that is
intended to be tax-free to stockholders for U.S. federal income tax
purposes, the timing of the award of projects and funding and
potential changes to the amounts provided for under the
Infrastructure Investment and Jobs Act and other legislation
related to governmental spending, as well as general economic
conditions, including inflation and the actions taken by monetary
authorities in response to inflation, changes in interest rates and
foreign currency exchange rates, changes in capital markets, the
possibility of a recession or economic downturn, geopolitical
events and conflicts, and the impact of any future pandemic or
infectious disease outbreak, including the related reaction of
governments on global and regional market conditions, among others.
For a description of some additional factors that may occur that
could cause actual results to differ from our forward-looking
statements, see 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 in our most recently filed Annual Report on
Form 10-K, and Item 2 - Management's Discussion and Analysis
of Financial Condition and Results of Operations; Item 1 - Legal
Proceedings; and Item 1A - Risk Factors in our most recently filed
Quarterly Report on Form 10-Q, 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:
media@jacobs.com
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SOURCE Jacobs