Press Release published by AECOM
In collaboration with its joint venture partner Brown and Caldwell, AECOM will support this landmark program to create a new high-quality, climate-resilient water supply for up to 15 million people
Dallas (April 24, 2023) — AECOM (NYSE: ACM), the world’s trusted infrastructure consulting firm, announced today its AECOM-BC Team joint venture with Brown and Caldwell has been selected by the Metropolitan Water District of Southern California (Metropolitan) to provide program management support services for the Pure Water Southern California program. An initiative of Metropolitan and the Los Angeles County Sanitation Districts (Sanitation Districts), the program will create a sustainable new water supply for Southern California by purifying cleaned wastewater. The joint venture is supported by 20 local, small, and minority firms and will deliver a range of services on behalf of the project—one of the world’s largest water reuse programs.
“We’re excited to join Metropolitan to implement this innovative and critical program that marks a significant advancement in water reuse technology,” said Beverley Stinson, chief executive of AECOM’s global water business. “Guided by our Sustainable Legacies strategy, our industry-leading team looks forward to supplying world-class resources and best practices to help successfully deliver the Pure Water Southern California program. The many anticipated social, economic, and environmental benefits for residents of Southern California come at a critical time where climate change has created water supply challenges.”
The AECOM-BC Team will play a central role in realizing the program, delivering environmental compliance efforts, the design and construction of advanced purification facilities at the Sanitation Districts’ Joint Water Pollution Control Plant wastewater treatment facility, around 60 miles of large diameter water pipeline infrastructure, and pump stations. The joint venture will provide a comprehensive suite of services, including program and project management support; program administration, controls, and reporting; engineering; design; quality assurance and control; and risk assessment and management.
“As the pressures of climate change increase in Southern California, the program presents a bold response to the crisis of water security, uniting regional stakeholders to safeguard this essential resource through the latest in recycling and reuse technologies,” said Drew Jeter, chief executive of AECOM’s Program Management global business line. “AECOM and BC’s 40-year history of delivering solutions for Metropolitan and communities prepare us to collaborate with numerous jurisdictions and agencies to bring this complex yet critical program to completion.”
With potential for water delivery as early as 2028, Pure Water Southern California is expected to produce up to 150 million gallons of water daily, enough water for 500,000 homes. It will recycle wastewater currently discharging into the ocean and have direct and indirect regional impacts. The program will help reduce stress on imported water supplies from the Colorado River and Sierra Nevada and replenish groundwater basins while advancing research partnerships that increase recycled water use and water resilience across the U.S. Southwest.
“The AECOM-BC Team applauds Metropolitan for its unwavering commitment to strengthening water supply resiliency. We are proud to support this landmark program which represents a leap forward in water recycling technology and innovation for the benefit of communities for generations to come throughout the Colorado River Basin,” said Brown and Caldwell CEO Rich D’Amato.
About AECOM
AECOM (NYSE: ACM) is the world’s trusted infrastructure consulting firm, delivering professional services throughout the project lifecycle – from advisory, planning, design and engineering to program and construction management. On projects spanning transportation, buildings, water, new energy and the environment, our public- and private-sector clients trust us to solve their most complex challenges. Our teams are driven by a common purpose to deliver a better world through our unrivaled technical and digital expertise, a culture of equity, diversity and inclusion, and a commitment to environmental, social and governance priorities. AECOM is a Fortune 500 firm and its Professional Services business had revenue of $13.1 billion in fiscal year 2022. See how we are delivering sustainable legacies for generations to come at aecom.com and @AECOM.
Forward-Looking Statements
All statements in this communication other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including any statements of the plans, strategies and objectives for future operations, profitability, strategic value creation, risk profile and investment strategies, and any statements regarding future economic conditions or performance, and the expected financial and operational results of AECOM. Although we believe that the expectations reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include, but are not limited to, the following: our business is cyclical and vulnerable to economic downturns and client spending reductions; limited control over operations that run through our joint venture entities; liability for misconduct by our employees or consultants; failure to comply with laws or regulations applicable to our business; maintaining adequate surety and financial capacity; potential high leverage and inability to service our debt and guarantees; ability to continue payment of dividends; exposure to political and economic risks in different countries, including tariffs; currency exchange rate and interest fluctuations; retaining and recruiting key technical and management personnel; legal claims; inadequate insurance coverage; environmental law compliance and adequate nuclear indemnification; unexpected adjustments and cancellations related to our backlog; partners and third parties who may fail to satisfy their legal obligations; AECOM Capital real estate development projects; managing pension cost; cybersecurity issues, IT outages and data privacy; risks associated with the expected benefits and costs of the sale of our Management Services and self-perform at-risk civil infrastructure, power construction and oil and gas construction businesses, including the risk that any contingent purchase price adjustments from those transactions could be unfavorable and result in lower aggregate cash proceeds and any future proceeds owed to us under those transactions could be lower than we expect; as well as other additional risks and factors that could cause actual results to differ materially from our forward-looking statements set forth in our reports filed with the Securities and Exchange Commission. Any forward-looking statements are made as of the date hereof. We do not intend, and undertake no obligation, to update any forward-looking statement.
Media Contact:
Brendan Ranson-Walsh
Senior Vice President, Global Communications
1.213.996.2367
Brendan.Ranson-Walsh@aecom.com
Investor Contact:
Will Gabrielski
Senior Vice President, Finance, Treasurer
1.213.593.8208
William.Gabrielski@aecom.com
