Jacobs to Support Critical Ireland Railway Infrastructure Program | J Stock News

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3 days ago
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  • Jacobs (J, Financial) secures a strategic consultancy contract with Irish Rail for railway modernization.
  • The consultancy covers an 87-mile route from Galway to Portarlington, connecting to Dublin.
  • The project supports Ireland's National Development Plan 2018-2027 for sustainable mobility.

Jacobs (J) has been awarded a significant consultancy role by Iarnród Éireann (Irish Rail) as part of a four-year framework agreement, potentially extendable for another four years. The contract involves multi-disciplinary consultancy services focused on the modernization of an 87-mile railway route from Galway to Portarlington, extending connectivity to Dublin. This infrastructure project is aligned with Ireland's strategic goals under the National Development Plan 2018-2027, emphasizing sustainable mobility and environmental initiatives.

The framework covers essential phases such as pre-feasibility, feasibility, and preferred option selection. Key objectives include enhancing track capacity, implementing decarbonization initiatives, increasing speeds, and improving service frequencies. The initiative is funded under Project Ireland 2040, reflecting a commitment to transition towards a climate-neutral and climate-resilient society.

Jacobs' involvement underscores its growing presence in Ireland's infrastructure sector, where it is already engaged in various projects, including the East Coast Railway Infrastructure Protection and BusConnects programs. With approximately $12 billion in annual revenue and 45,000 employees globally, this project supports Jacobs' expansion strategy in sustainable transportation infrastructure, continuing its trend of early-stage involvement in significant infrastructure programs worldwide.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.