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Aecom Wins Singapore Expressway Deal

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AECOM Technology Corporation (ACM) 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.

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 Mesaieed.
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 States government.

Aecom currently has a Zacks Rank #3 (Hold). Other stocks in the industry worth buying at the moment are Pernix Group Inc. (PRXG), VSE Corp. (VSEC) and Micheal Baker Corporation (BKR). Micheal Baker Corporation has a Zacks Rank #1 (Strong Buy); while Pernix Group and VSE Corp. carry a Zacks Rank #2 (Buy).

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