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California High-Speed Rail Authority and ARCADIS will improve mobility and accelerate economic development with first high-speed rail system in U.S.


August 13, 2014 - London

August 13, 2014 - AMSTERDAM - ARCADIS (EURONEXT: ARCAD), the leading natural and built asset design and consultancy firm has been awarded the Project and Construction Management (PCM) services for a segment of the United States' first high-speed rail system. As the top-ranked PCM firm, ARCADIS will support the California High-Speed Rail Authority (Authority) with design and construction oversight of a section of the California high-speed rail system, which will connect the mega-regions of the state, contribute to economic development and a cleaner environment, create jobs and preserve agricultural and protected lands.

ARCADIS could receive up to $71.86 million based on actual work performed over a period of approximately five years. ARCADIS will provide oversight and management of contractors designing and building portions of the 65-mile segment between Fresno and the Tulare-Kern County line.

ARCADIS has managed some of California's largest public works projects and brings extensive design-build oversight experience as well as global high-speed rail expertise to help deliver the project on schedule, within budget and with positive outcomes for the local community, economy and environment. The firm has also achieved the Authority's goal of 30 percent small business participation, more than half of which are located in the Central Valley.

"We are honored to be chosen to support the Authority on this transformative public infrastructure project," said Gary Coates, CEO and COO for ARCADIS US. "Increasing mobility that connects people, drives economic development, and enhances environmental conditions in California's fastest growing communities aligns with our mission to improve quality of life for those who work, live and travel in the region."

California's high-speed rail system will connect Los Angeles and San Francisco in about two hours and 40 minutes. The $68 billion system is expected to be completed by 2029.

For more information please contact Joost Slooten at +31 (0) 20 2011083, or outside office hours at +31 (0) 6 27061880 or joost.slooten@arcadis.com

About ARCADIS:

ARCADIS is the leading global natural and built asset design and consultancy firm working in partnership with our clients to deliver exceptional and sustainable outcomes through the application of design, consultancy, engineering, project and management services. ARCADIS differentiates through its talented and passionate people and its unique combination of capabilities covering the whole asset life cycle, its deep market sector insights and its ability to integrate health & safety and sustainability into the design and delivery of solutions across the globe. We are

ARCADIS NV

22,000 people that generate €2.5 billion in revenues. We support UN-Habitat with knowledge and expertise to improve the quality of life in rapidly growing cities around the world. Please visit: www.arcadis.com

California High-Speed Rail Authority and ARCADIS



This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: ARCADIS N.V. via Globenewswire

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GlobeNewswire

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