Jacobs Engineering Appointed East West Rail Program Partner

Jacobs Engineering Group Inc (NYSE:J) agreed to the role as the East West Rail program partner for providing integration across a diverse supply chain during the three-year development phase of program to construct a new rail link between Oxford and Cambridge.
East West Rail estimates the contract value at $50 million (£35 million) over three years.
This rail line will reconnect Oxford and Cambridge, separated since the closure of the 'Varsity Line' in the 1960s, and provide a transport link between Oxford, Bicester, Milton Keynes, Bedford, and Cambridge.
Jacobs has committed to work with social enterprise partnerships, voluntary and community sector organizations, and small and medium–sized enterprises to deliver a program of social value.
Price Action: J shares are trading lower by 0.24% at $132.33 on the last check Friday.