AECOM selected for a $90 million single-award task order for the G7 Partnership for Global Infrastructure and Investment

October 31, 2024 at 06:55 AM EDT

AECOM (NYSE: ACM), the world’s trusted infrastructure consulting firm, today announced it has been awarded a single-award task order with a $90 million ceiling by the United States Agency for International Development (USAID) to support implementation of the G7 Partnership for Global Infrastructure and Investment (PGI). Launched at the G7 Summit in 2022, PGI is a collaborative effort to facilitate investment in sustainable, high-quality infrastructure projects in developing nations around the world in key economic corridors with the goal of mobilizing finance to deliver clean energy, transportation, digital, agriculture and health infrastructure.

“We are proud to expand our decades-long partnership with USAID to drive transformative economic development and regional connectivity by creating infrastructure solutions that meet international standards, address climate imperatives, and promote good governance,” said Lara Poloni, AECOM’s president. “AECOM’s specialized experience in infrastructure development and technical assistance positions us as the partner of choice for federal clients like USAID, and our role in this vital initiative will help strengthen supply chains for clean energy and critical minerals, enhance food security, and increase economic opportunities in strategic corridors across the globe—advancing our commitment to delivering Sustainable Legacies worldwide.”

In its role, AECOM will bring together technical experts to support infrastructure development for rail, port, clean energy, digital technology, and food security projects around the world aligned with its Think and Act Globally strategy. Additionally, AECOM will also offer technical advisory services related to overcoming technical, legal, and regulatory challenges, and private investment facilitation.

Over the last three years, the United States has mobilized more than $60 billion towards PGI investments through federal financing, grants and private sector investments. The U.S. government aims to mobilize $200 billion by 2027, contributing to the broader G7 target of $600 billion by 2027.

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 $14.4 billion in fiscal year 2023. 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, capital allocation strategy including stock repurchases, 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; potential government shutdowns or other funding circumstances that may cause governmental agencies to modify, curtail or terminate our contracts; losses under fixed-price contracts; 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, geopolitical events, and conflicts; 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; managing pension costs; AECOM Capital real estate development projects; cybersecurity issues, IT outages and data privacy; risks associated with the benefits and costs of the sale of our Management Services and self-perform at-risk civil infrastructure, power construction and oil and gas businesses, including the risk that any purchase adjustments from those transactions could be unfavorable and result in any future proceeds owed to us as part of the 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/20241031879452/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 selected for a $90 million single-award task order for the G7 Partnership for Global Infrastructure and Investment

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