Financial News
AECOM to complete design of new North Shore Wastewater Treatment Plant
AECOM (NYSE: ACM), the world’s trusted infrastructure consulting firm, announced today it has been selected by Metro Vancouver to design the North Shore Wastewater Treatment Plant, a new tertiary treatment facility that will replace the existing Lions Gate Wastewater Treatment Plant and serve approximately 250,000 residents in the Districts of West and North Vancouver, the City of North Vancouver, and the Squamish and Tsleil-Waututh Nations. In this role, AECOM will provide design completion and construction management services to assist in the transition of the project to the new construction contractor.
“We’re honored to partner with Metro Vancouver to complete the design of the North Shore Wastewater Treatment Plant, working alongside the project’s contractor, PCL Construction,” said Beverley Stinson, chief executive of AECOM’s global Water business. “The plant is critical to bolstering the resiliency of the community’s wastewater infrastructure while safeguarding its surrounding natural ecosystems. We’re proud to partner with our clients across the globe to help solve their multifaceted water challenges and set new standards for treatment.”
AECOM is uniquely positioned to transition into the role of design engineer and support the timely delivery of the project, having served as Metro Vancouver’s owner’s engineer since project initiation. The firm will also assist with procurement and project controls systems, lead construction monitoring, assist with commissioning, and provide select operations support to aid Metro Vancouver with the transition to operating the new facility, which is being constructed to Leadership in Energy and Environmental Design (LEED) Gold and Envision Gold certification standards.
“As Vancouver’s North Shore continues to grow, this new wastewater treatment plant is a vital necessity to continue protecting the human and marine health of the area and will play an imperative role in educating the public on key sustainability initiatives,” said Marc Devlin, chief executive of AECOM’s Canada region. “We’re excited to be part of the team delivering this facility with the best interests of the region at the forefront of our project execution plan and look forward to providing services focused on quality, safety, and efficiency.”
The plant features an enclosed, urban, modern design, including a public plaza, educational, and community meeting spaces. It plans to deliver tertiary treatment, exceeding federal regulatory requirements for treatment technology and improving the quality of treated wastewater released into the marine environment. The facility is expected to recover heat from treated effluent for use internally and externally by the Lonsdale Energy Corporation as an alternative thermal energy source and conserve water resources through the harvest of rainwater and reclamation of treated effluent water for use within operations and other non-potable purposes.
About AECOM
AECOM (NYSE: ACM) is the world’s trusted infrastructure consulting firm, delivering professional services throughout the project lifecycle – from 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 expertise and innovation, 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 $13.3 billion in fiscal year 2021. 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, coronavirus impacts, 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; impacts caused by the coronavirus and the related economic instability and market volatility, including the reaction of governments to the coronavirus, including any prolonged period of travel, commercial or other similar restrictions, the delay in commencement, or temporary or permanent halting of construction, infrastructure or other projects, requirements that we remove our employees or personnel from the field for their protection, and delays or reductions in planned initiatives by our governmental or commercial clients or potential clients; losses under fixed-price contracts; limited control over operations 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 inadequate nuclear indemnification; unexpected adjustments and cancellations related to our backlog; partners and third parties who may fail to satisfy their legal obligations; AECOM Capital’s real estate development; managing pension cost; cybersecurity issues, IT outages and data privacy; risks associated with the benefits and costs of various dispositions such as the sale of our Management Services, self-perform at-risk civil infrastructure, power construction, and oil and gas construction businesses, including the risk that purchase price adjustments, if any, from those transactions could be unfavorable and any future proceeds owed to us as part of 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/20220615005212/en/
Contacts
Media:
Brendan Ranson-Walsh
Senior Vice President, Global Communications
1.213.996.2367
Brendan.Ranson-Walsh@aecom.com
Investors:
Will Gabrielski
Senior Vice President, Finance, Treasurer
1.213.593.8208
William.Gabrielski@aecom.com
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