AECOM helping secure WIFIA funding for clients delivering prominent U.S. water projects

October 16, 2023 at 06:55 AM EDT

Deploying its expertise as a top firm in the water sector, the Company is partnering with clients to deliver major water projects using the latest public funding

AECOM (NYSE: ACM), the world’s trusted infrastructure consulting firm, today announced it is partnering with clients across the U.S. to leverage the latest $7.5 billion in Water Infrastructure Finance and Innovation Act (WIFIA) funding. The Company’s current WIFIA funded client work spans the sector and includes drinking water, drought and hazard resilience, and wastewater projects. Supported by the combination of AECOM’s technical expertise and comprehensive suite of industry-leading water capabilities, clients are achieving successful outcomes and delivering results from WIFIA funding.

“Across the U.S. we are continuing to support our clients in delivering the next generation of critical infrastructure projects that are only made possible through government funding,” said Lara Poloni, AECOM’s president. “We are excited to build on this successful track record in the water sector, where we possess globally recognized expertise and delivery capabilities to prepare America’s water systems for a more resilient and equitable future.”

In partnership with organizations managing some of the nation’s most critical water infrastructure, AECOM’s WIFIA funded projects include helping the Pittsburgh Water and Sewer Authority ensure safe drinking water by upgrading and replacing aging water infrastructure; working with the San Francisco Public Utilities Commission with delivery of its Wastewater Capital Improvement Program to address challenges such as aging infrastructure, system reliability and climate change; and supporting the New Jersey Infrastructure Bank in modernizing wastewater and drinking water systems serving over 10 million people throughout New Jersey.

“The revitalization of the nation’s water infrastructure continues to garner growing government investment — and demands expertise attuned to the latest infrastructure and climate change challenges,” said Beverley Stinson, chief executive of AECOM’s global Water business. “Through the ongoing success of our Sustainable Legacies strategy, our water experts possess the world-class technical skills to support safe, timely project delivery while ensuring social and environmental outcomes that align with federal, state and local government objectives.”

As a leading public-sector partner, AECOM has worked with clients in the water sector and across the infrastructure market to help secure funding from the Infrastructure Investment and Jobs Act, the Inflation Reduction Act, and other funding opportunities. The company’s suite of digital tools, including PlanEngage, PipeInsights, and Fund Navigator are helping clients identify and leverage numerous available funds to meet their key infrastructure objectives. To learn more about the Company’s offering, click here.

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 US$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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231016327811/en/

Contacts

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

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AECOM helping secure WIFIA funding for clients delivering prominent U.S. water projects

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