Jacobs Selected to Design Light Rail Extension in Seattle
Rhea-AI Summary
Jacobs (NYSE: J) has been selected to provide design services for Sound Transit's West Seattle Link Extension, a significant transportation infrastructure project. The extension will add 4.1 miles of light rail, including a new bridge, tunnel, and four stations, connecting Seattle's SODO neighborhood to West Seattle's Alaska Junction neighborhood.
The project, scheduled to begin service in 2032, will reduce travel times by up to 50% on key lines and serve as an alternative to the West Seattle Bridge during peak demand. Jacobs, with $12 billion in annual revenue and a workforce of 45,000, will lead Phase 1 design and design validation for the extension.
Positive
- Contract win for major infrastructure project strengthens Jacobs' presence in Seattle region
- Project leverages company's 70-year experience in Puget Sound transportation solutions
- Extension will reduce travel times by up to 50% on key lines
- Project will catalyze new development opportunities near stations
Negative
- Long project timeline with service not beginning until 2032
- Project subject to potential risks including inflation, interest rates, and economic uncertainties
News Market Reaction
On the day this news was published, J gained 1.14%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Expanded transit network will provide reliable mobility and enhanced community connections
The West Seattle Link Extension will add 4.1 miles of light rail, a new bridge, tunnel and four new stations, connecting
"Jacobs has delivered some of Puget Sound's most critical transportation solutions for 70 years, including approximately 30 miles of light rail system expansions for Sound Transit," said Jacobs Executive Vice President Ron Williams. "Transportation infrastructure enhances mobility and provides vital economic growth and community opportunities. The West Seattle Link Extension will serve as a gateway to the community, with streetscapes and public spaces that resonate with residents, while reducing travel times and improving access to jobs, education and services in the
Expected to begin service in 2032, the West Seattle Link Extension will reduce travel times on key lines by up to 50 percent. It will also offer commuters an alternative to the West Seattle Bridge during periods of peak demand. The delivery of this piece of critical infrastructure will also be the catalyst for new development near stations, including retail opportunities and a focus on affordable housing.
At Jacobs, we're challenging today to reinvent tomorrow – delivering outcomes and solutions for the world's most complex challenges. With approximately
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, uncertainties as to, 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 and executive orders related to governmental spending, including any directive to federal agencies to reduce federal spending or the size of the federal workforce, and changes in
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SOURCE Jacobs
