Jacobs Supports KPMG on Singapore to Kuala Lumpur High Speed Rail Project

PASADENA, Calif.--()--Jacobs Engineering Group Inc. (NYSE:JEC) announced that it is part of a consortium led by professional services firm KPMG that has delivered a study for the Singapore Government comprising possible financing and operating models for the proposed High Speed Rail (HSR) project linking Singapore with Kuala Lumpur in Malaysia.

As Technical Consultant, Jacobs has provided consulting services regarding ridership and revenue forecasts.

The Kuala Lumpur–Singapore HSR would span approximately 350km and require the construction of a new rail line. Once completed, travel time by HSR between the two cities would be approximately 90 minutes.

Upon making the announcement, Jacobs Group Vice President Kevin McMahon said, “Jacobs has contributed to HSR projects around the world, including several in the UK, Hong Kong and Europe. This is a landmark project for the region that aims to significantly reduce travel times between these popular centers of business, and we are delighted to be playing a role in making it happen.”

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.

Contacts

Jacobs Engineering Group Inc.
Michelle Jones, 626-578-6968

Release Summary

Jacobs is part of a consortium that has delivered a study for the Singapore Government comprising possible financing and operating models for the proposed HSR project linking Singapore & Kuala Lumpur.

Contacts

Jacobs Engineering Group Inc.
Michelle Jones, 626-578-6968