Jacobs Engineering Group Inc.

Jacobs Engineering Group Inc.

March 01, 2005 07:45 ET

Jacobs Receives Contract from the Florida Department of Transportation


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: JACOBS ENGINEERING GROUP INC.

NYSE SYMBOL: JEC

MARCH 1, 2005 - 07:45 ET

Jacobs Receives Contract from the Florida Department
of Transportation

TAMPA, Fla.--(CCNMatthews - Mar 1, 2005) -

Jacobs Engineering Group Inc. (NYSE:JEC) announced today that a
subsidiary company and Granite Construction Company have received a
contract from the Florida Department of Transportation (FDOT), District
6, for a design-build project to reconstruct the U.S. 1 and Jewfish
Creek Bridge from Key Largo to north of the Monroe/Miami-Dade County
line.

The team's winning bid includes a plan to complete the job in early
2009.

The project involves reconstructing the two-lane roadway north of
Jewfish Creek, building a new high-level bridge over Jewfish Creek to
replace an existing low-level drawbridge, and replacing the causeway
over Lake Surprise with a low-level bridge. The low-level bridge will
restore the water flow which is currently severed by the existing
causeway. The highway will remain two lanes, but will include a wider,
paved northbound shoulder to be used for emergency situations such as
hurricane evacuation and a concrete safety barrier in the median to
prevent head-on crashes. The project is adjacent to the Everglades
National Park and falls within the boundaries of the Florida Keys
National Marine sanctuary. The project includes many environmental
enhancement features, including a wildlife crossing that will allow
animals to safely cross under U.S. 1.

In making the announcement, Jacobs Group Vice President Allyn Taylor
stated, "This significant project emphasizes our expertise in the
design-build delivery of major infrastructure work. This project is the
first design-build project of this magnitude for District 6, and we are
excited to continue our relationship with the FDOT and to work with our
partner Granite Construction Company to make this long-planned project a
reality."

Jacobs, with over 35,000 employees and revenues approaching $5.0
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 judgement 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