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Jacobs Engineering Appointed East West Rail Program Partner

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.

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