AECOM Technology Corporation
) recently received a $15 million contract for the proposed
North-South Expressway in Singapore. The scope of the contract
requires Aecom to provide multi-disciplinary services.
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Aecom will provide services including mechanical, electrical,
plumbing, structural, and fire engineering support. Aecom will
also address challenges like planning the transport system and
considering the geotechnical and environmental issues.
The 13.4-mile expressway will be a key contributor to Singapore's
transport network. This expressway is expected to address the
heavy traffic issues on the North-South corridor of Singapore,
which at present is handled by the Central Expressway. This
expressway will connect the towns Woodlands, Sembawang, Yishun,
Ang Mo Kio, Bishan and Toa Payoh directly to the hub of the city.
The Land Transport Authority of Singapore expects the commuter's
will save up to 30% of their time during rush hours once the
project is completed.
In Jun 2013, AECOM won a similar $148 million worth, three-year
contract to provide construction-supervision and design-review
services for part of the Doha Expressway program in Qatar. The
expressway will primarily be connecting Al Khor city with
Based in Los Angeles, CA., Aecom is a global provider of
professional technical and management support services to a broad
range of markets, including transportation, facilities,
environmental and energy. The company's Management Support
Services segment offers management and maintenance, training,
logistics, consulting, technical assistance, and systems
integration services primarily to the agencies of the United
Aecom currently has a Zacks Rank #3 (Hold). Other stocks in the
industry worth buying at the moment are
Pernix Group Inc
Micheal Baker Corporation
). Micheal Baker Corporation has a Zacks Rank #1 (Strong Buy);
while Pernix Group and VSE Corp. carry a Zacks Rank #2 (Buy).