Jacobs Selected to Design Transformative Water Infrastructure Program for Metro Vancouver
Rhea-AI Summary
Jacobs (NYSE: J) and AECOM have been selected to design Metro Vancouver's program to upgrade the Iona Island Wastewater Treatment Plant. The project will transform the 60-year-old facility from primary to tertiary treatment, serving nearly one million people by 2051. The upgrade aims to enhance water quality in the Fraser River, improve climate resilience, and protect public health. The program includes ecological restoration at Iona Beach Regional Park and infrastructure improvements against sea level rise. Phase one of the upgrades is planned for completion by 2027, incorporating water reuse and renewable energy generation technologies.
Positive
- Secured major infrastructure contract for Metro Vancouver's wastewater treatment upgrade
- Project extends service capacity to serve 900,000+ residents by 2051
- Building on existing relationship with ongoing pilot testing program
- Long-term revenue stream through multi-year program
Negative
- None.
Insights
This wastewater infrastructure contract represents a significant long-term revenue opportunity for Jacobs. The project's scope includes upgrading a major treatment facility serving nearly 1 million people by 2051, highlighting substantial recurring revenue potential. The joint venture with AECOM positions Jacobs strategically in the growing water infrastructure sector.
The project's focus on climate resilience and advanced treatment technologies aligns with increasing environmental regulations and infrastructure spending trends. Having already completed the Project Definition Report and leading the pilot testing program demonstrates strong project continuity and positions Jacobs favorably for additional phases. While specific contract values aren't disclosed, similar large-scale water infrastructure projects typically range in the hundreds of millions, representing meaningful backlog addition.
Wastewater investment will enhance water quality and improve climate resilience
The program includes transforming the over 60-year-old wastewater plant from primary treatment to a tertiary treatment facility, providing protection of public health and delivering significant environmental benefits to the receiving waters of the Salish Sea.
"In the midst of increased demand fueled by population growth, more stringent regulatory discharge requirements, and the need for operational efficiencies, new and innovative ways of expanding wastewater system capacity continue to emerge," said Jacobs Senior Vice President Katus Watson. "All water has value and can be recovered and revitalized. This is critical to delivering this transformational upgrade to Metro Vancouver's wastewater treatment and keeping local communities and coastal waters healthy for years to come."
Moving to tertiary treatment at the Iona plant will improve water quality in the nearby Fraser River, which is home to
Drawing from experience on similar infrastructure programs, the team will design the upgrades to meet regulatory discharge requirements and use leading strategies in climate resiliency, water reuse and renewable energy generation technologies.
The Jacobs and AECOM team previously delivered the Project Definition Report for the upgrades and are currently leading Metro Vancouver's pilot testing program to trial new technologies for phase one of the upgrades, which is planned to be complete by 2027. The program is expected to ultimately improve quality of life for the more than 900,000
For more information about the Iona Wastewater Treatment Plant Projects, visit metrovancouver.org/iona.
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 impact of the recently completed separation transaction pursuant to which we spun off and merged our Critical Missions Solutions and Cyber & Intelligence government services businesses with Amentum (together, "new Amentum ") on Jacobs' and new Amentum's businesses, 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 related to governmental spending, as well as general economic conditions, including inflation and the actions taken by monetary authorities in response to inflation, changes in interest rates and foreign currency exchange rates, changes in capital markets, the possibility of a recession or economic downturn, increased uncertainty and risks, including policy risks and potential civil unrest, relating to the outcome of elections across our key markets and elevated geopolitical tension and conflicts, among others, and the impact of any future pandemic or infectious disease outbreak, including the related reaction of governments on global and regional market conditions, among others. For a description of some additional factors that may occur that could cause actual results to differ from our forward-looking statements, see the discussions contained under Item 1 - Business; Item 1A - Risk Factors; Item 3 - Legal Proceedings; and Item 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations in our most recently filed Annual Report on Form 10-K, and Item 2 - Management's Discussion and Analysis of Financial Condition and Results of Operations; Item 1 - Legal Proceedings; and Item 1A - Risk Factors in our most recently filed Quarterly Report on Form 10-Q, as well as the company's other filings with the Securities and Exchange Commission. The company is not under any duty to update any of the forward-looking statements after the date of this press release to conform to actual results, except as required by applicable law.
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SOURCE Jacobs
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