AECOM joint venture appointed by Australia’s Sunwater as Engineering and Professional Services Partner
18 12월 2023 - 8:55PM
Business Wire
AECOM (NYSE: ACM), the world’s trusted infrastructure consulting
firm, today announced that Sunwater has appointed an AECOM joint
venture as Engineering and Professional Services Partner for the
Queensland, Australia bulk water service provider. Sunwater’s dams
and pipeline delivers around 40 percent of the water used
commercially in Queensland — more than 1.3 million megaliters a
year.
As part of the Prosperity joint venture with Jacobs, AECOM will
support Sunwater in achieving its strategic goals and operational
objectives through a long-term sole partner arrangement that will
enable meaningful collaboration and expand Sunwater’s capacity and
capability to meet current and future demand for engineering and
professional services.
“Sunwater has a proud legacy of delivering bulk water
infrastructure for Queensland’s agricultural, urban, and industrial
customers for over 80 years, and we are honored to expand our
partnership to help develop and deliver its pipeline of major
infrastructure projects,” said Mark McManamny, chief executive of
AECOM’s Australia and New Zealand region. “AECOM has a rich history
of collaboration with Sunwater and, as the joint venture named as
the sole Engineering and Professional Services Provider, our
technical specialists will draw on our deep experience in
delivering complex programs to unlock the benefits of a longer-term
program management approach.”
“To successfully deliver a substantial and complex capital works
program, Sunwater needs to work with the industry’s best,” said
Sunwater CEO Glenn Stockton. “Our partnership with the Prosperity
Joint Venture will provide the additional skills and capabilities
our workforce needs to ensure we continue to build, operate and
maintain water infrastructure assets critical to Queensland’s
economy. It lays the foundation for capacity growth, bringing
together recognized industry leaders to support Sunwater to safely
deliver high quality projects that deliver water for prosperity for
future generations.”
Sunwater, a statutory Queensland Government-owned corporation,
owns AUD$13.7B in assets and operate 31 Bulk Water and Irrigation
Supply schemes and 14 pipelines that extend from the lower Mary
River, north of Gympie to Mareeba in far north Queensland,
south-west of the State from Toowoomba to St George and north-west
almost to Cloncurry. These schemes and pipelines comprise 19 dams,
64 weirs and barrages, 3 off-stream storages, 6 water treatment
plants, 70 major pumping stations, 1,951km of pipes and 595km of
irrigation channels.
About AECOM AECOM (NYSE: ACM) is the world’s trusted
infrastructure consulting firm, delivering professional services
throughout the project lifecycle – from advisory, planning, design
and engineering to program and construction management. On projects
spanning transportation, buildings, water, new energy and the
environment, our public- and private-sector clients trust us to
solve their most complex challenges. Our teams are driven by a
common purpose to deliver a better world through our unrivaled
technical and digital expertise, a culture of equity, diversity and
inclusion, and a commitment to environmental, social and governance
priorities. AECOM is a Fortune 500 firm and its Professional
Services business had revenue of US$14.4 billion in fiscal year
2023. See how we are delivering sustainable legacies for
generations to come at aecom.com and @AECOM.
Forward-Looking Statements All statements in this
communication other than statements of historical fact are
“forward-looking statements” for purposes of federal and state
securities laws, including any statements of the plans, strategies
and objectives for future operations, profitability, strategic
value creation, risk profile and investment strategies, and any
statements regarding future economic conditions or performance, and
the expected financial and operational results of AECOM. Although
we believe that the expectations reflected in our forward-looking
statements are reasonable, actual results could differ materially
from those projected or assumed in any of our forward-looking
statements. Important factors that could cause our actual results,
performance and achievements, or industry results to differ
materially from estimates or projections contained in our
forward-looking statements include, but are not limited to, the
following: our business is cyclical and vulnerable to economic
downturns and client spending reductions; limited control over
operations that run through our joint venture entities; liability
for misconduct by our employees or consultants; failure to comply
with laws or regulations applicable to our business; maintaining
adequate surety and financial capacity; potential high leverage and
inability to service our debt and guarantees; ability to continue
payment of dividends; exposure to political and economic risks in
different countries, including tariffs; currency exchange rate and
interest fluctuations; retaining and recruiting key technical and
management personnel; legal claims; inadequate insurance coverage;
environmental law compliance and adequate nuclear indemnification;
unexpected adjustments and cancellations related to our backlog;
partners and third parties who may fail to satisfy their legal
obligations; AECOM Capital real estate development projects;
managing pension cost; cybersecurity issues, IT outages and data
privacy; risks associated with the expected benefits and costs of
the sale of our Management Services and self-perform at-risk civil
infrastructure, power construction and oil and gas construction
businesses, including the risk that any contingent purchase price
adjustments from those transactions could be unfavorable and result
in lower aggregate cash proceeds and any future proceeds owed to us
under those transactions could be lower than we expect; as well as
other additional risks and factors that could cause actual results
to differ materially from our forward-looking statements set forth
in our reports filed with the Securities and Exchange Commission.
Any forward-looking statements are made as of the date hereof. We
do not intend, and undertake no obligation, to update any
forward-looking statement.
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version on businesswire.com: https://www.businesswire.com/news/home/20231218626258/en/
Media: Brendan Ranson-Walsh Senior Vice President, Global
Communications 1.213.996.2367 Brendan.Ranson-Walsh@aecom.com
Investor: Will Gabrielski Senior Vice President, Finance,
Treasurer 1.213.593.8208 William.Gabrielski@aecom.com
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