Jacobs Engineering Group Inc.

Jacobs Engineering Group Inc.

March 29, 2005 07:46 ET

Jacobs to Provide General Technical Consulting Services to the Georgia State Road and Tollway Authority


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: JACOBS ENGINEERING GROUP INC.

NYSE SYMBOL: JEC

MARCH 29, 2005 - 07:46 ET

Jacobs to Provide General Technical Consulting
Services to the Georgia State Road and Tollway
Authority

ATLANTA--(CCNMatthews - Mar 29, 2005) -

Jacobs Engineering Group Inc. (NYSE:JEC) announced today that a
subsidiary company has been selected to provide general technical
consulting services to Georgia's State Road and Tollway Authority (SRTA)
in support of SRTA's efforts to improve mobility and enhance
transportation solutions within the State of Georgia. The contractual
program will evolve to require diverse technical, financial management,
legislative, and regulatory services to SRTA to facilitate new and
innovative statewide transportation projects.

At a recent SRTA Board meeting chaired by Governor Sonny Perdue, two key
planning studies were authorized and are soon to commence under the
multiple-task contract: one for the extended Georgia State Route 400
corridor and another for the I-75/575 corridor; both within the
metropolitan Atlanta region. These studies are joint projects with the
Georgia Department of Transportation (GDOT), whose Board gave approval
for the joint resolutions at their December 2004 meeting.

The SR 400 study will examine the feasibility of accelerating needed
improvements along this rapidly growing and multiple-county corridor
through the use of the toll financing approach. Recent official
estimates indicate that $1.45 billion will be required to fund all the
necessary roadway improvements along this important and extensive
traffic corridor. The corridor, one of the most significant and widely
used expressway facilities within the state and the metro Atlanta
region, encompasses the existing SR 400 toll facility that opened to
operation in 1993.

The second study, focusing on a portion of the I-75/575 corridor north
of the Atlanta I-285 perimeter expressway facility, will evaluate the
effects and feasibility of dynamic congestion pricing on the proposed
High Occupancy Vehicle (HOV) and Bus Rapid Transit (BRT) lanes currently
being planned by the GDOT and the Georgia Regional Transportation
Authority (GRTA). This Value Pricing analysis will project levels of
user-fee revenues that can be anticipated for purposes of constructing
and operating said facilities as well as their impact on congestion
management opportunities.

As Georgia's toll and transportation finance agency, SRTA is responsible
for developing Georgia's transportation infrastructure by financing
transportation projects; operating and maintaining publicly-owned toll
facilities; and studying, identifying, and developing new and expanded
user-fee financed transportation facilities including roadways, bridges,
and transit. By doing so, SRTA identifies and evaluates transportation
projects that advance the state's interactive goals of improved
mobility, reduced congestion, improved air quality, and enhanced
economic development.

In making the announcement, Jacobs Group Vice President Allyn Taylor
stated, "We are excited about providing this diverse, distinguished, and
experienced team to support SRTA. We are committed to helping advance
their goals and objectives to improving the quality of life for those
residing, working, traveling, and visiting within the state of Georgia
and the Atlanta metropolitan region."

Jacobs, with over 35,000 employees and revenues approaching $5 billion,
provides technical, professional, and construction services globally.

Any statements made in this release that are not based on historical
fact are forward-looking statements. Any forward-looking statements made
in this release represent management's best judgment as to what may
occur in the future. However, Jacobs' actual outcome and results are not
guaranteed and are subject to certain risks, uncertainties and
assumptions ("Future Factors"), and may differ materially from what is
expressed. For a description of Future Factors that could cause actual
results to differ materially from such forward-looking statements, see
the discussion under the section "Forward-Looking Statements" included
in Item 7 -- Management's Discussion and Analysis of Financial Condition
and Results of Operations contained in the Company's 2004 Annual Report
on Form 10-K.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Jacobs Engineering Group Inc.
    Rod Sharp, 626-578-6992