Jacobs Engineering gets train-bridge contract

By Associated Press
September 16, 2008 | Comments (0)

Recs

0

Panic 2008... Profit 2009!

Fool -- Now's the time to invest! David and Tom Gardner's new book reveals their strategy for million dollar wealth.

Buy Now!

Jacobs Engineering Group Inc. said Tuesday that it and two other companies have been awarded a $1.3 billion contract to replace a train bridge in New Jersey.

Jacobs said that it has formed a venture with Gannett Fleming Transit & Rail Systems and HNTB Corp. for a New Jersey Transit contract to replace the Portal Bridge, a 98-year-old railroad swing bridge over the Hackensack River.

The two-track bridge carries Amtrak's Northeast corridor traffic, along with New Jersey Transit's commuter lines that serve new York City and the North Jersey coast. The bridge will be replaced with two bridges that will carry a total of five tracks. Jacobs will provide engineering work on the project, which is expected to be finished by 2017.

Shares of Jacobs fell $3.25, or 5.5 percent, to $54.80 Tuesday morning.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

DocumentId: 728510, ~/articles/articlehandler.aspx, 1/7/2009 11:40:27 PM

Sign up for FREE Motley Fool site access!

Already registered? Login Here

It’s FREE! Enter your email address, and we’ll rush you to the article you're looking for right now.

Privacy / Legal Information

We will use your email address only to keep you informed about updates to our web site and about other products and services that we think might interest you. The Motley Fool respects your privacy. Please read our Privacy Statement

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.