Jacobs to Support Critical Ireland Railway Infrastructure Program
Rhea-AI Summary
Jacobs (NYSE: J) has secured a significant multi-disciplinary consultancy role with Iarnród Éireann (Irish Rail) to support the modernization of Ireland's rail network. The project focuses on an 87-mile route from Galway to Portarlington, connecting to Dublin.
The four-year framework agreement, with a potential four-year extension, involves pre-feasibility, feasibility, and preferred option selection phases. The project aims to enhance track capacity, implement decarbonization initiatives, increase speeds, and improve service frequencies.
This infrastructure investment program, supported by the National Transport Authority and funded under Project Ireland 2040, is part of the National Development Plan 2018-2027, targeting sustainable mobility and climate neutrality goals.
Positive
- Framework agreement spans 4 years with potential 4-year extension
- Project covers significant 87-mile (140 kilometer) route modernization
- Strengthens Jacobs' presence in Ireland's infrastructure sector
- Aligns with national sustainability and climate action objectives
Negative
- Long-term project execution risks due to complexity
- Potential regulatory and environmental compliance challenges
- Subject to government funding and policy changes
News Market Reaction
On the day this news was published, J gained 1.64%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Route modernization and expansion enabling greater regional accessibility
Key regional and intercity corridor upgrade project commences
Initially, Jacobs will provide multi-disciplinary consultancy services – delivering the pre-feasibility, feasibility and preferred option selection project phases, looking at additional track capacity, decarbonization, increased speeds and higher service frequencies needs. The framework agreement is for a four-year period with option to extend for a further four years.
Jacobs Executive Vice President Keith Lawson said: "This major improvement project aims to significantly enhance capacity, reduce journey times and increase service frequency for passengers, improving connectivity for communities and businesses. The complexity of this program necessitates an integrated approach encompassing transport planning, stakeholder engagement, environmental considerations, urban development and more. The scale of our team in
Iarnród Éireann (Irish Rail) Chief Executive Jim Meade said: "At Iarnród Éireann we are delighted that a study is underway on these key infrastructure developments. We believe strongly that providing frequent and reliable rail services to more and more communities will greatly assist in reducing reliance on private cars and will go a long way to meeting
Supported by the National Transport Authority and funded under Project
Across the island of
Key infrastructure projects include Irish Rail's East Coast Railway Infrastructure Protection Projects program, the National Transport Authority's BusConnects Dublin and BusConnects Cork programs, the Dunkettle Interchange Upgrade and Cork County Council's M28 Motorway project.
At Jacobs, we're challenging today to reinvent tomorrow – delivering outcomes and solutions for the world's most complex challenges. With approximately
Jacobs draws on global rail infrastructure delivery experience on programs like
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
