Attention Business Editors, Building/Construction Writers:

AECOM selected to lead program management department, nation-wide housing and infrastructure development program

LOS ANGELES, December 13 /CNW/ - AECOM Technology Corporation (NYSE: ACM), a leading provider of professional technical and management support services for government and commercial clients around the world, announced today that it has signed a five-year contract which authorizes the initial two years for $201 million and contains three additional option years for a potential total value of $574 million. AECOM will lead the Program Management Department for the Great Socialist People's Libyan Arab Jamahiriya Housing and Infrastructure Board (HIB).

This announcement establishes AECOM as the main advisor for the Libyan HIB for major cities throughout the country. According to the master agreement, AECOM will serve as the overall program manager of the HIB capital budget program - a comprehensive housing and infrastructure development program for Libya that will create an enhanced environment for its citizens and visitors - which the HIB has indicated has a total value of approximately US $50 billion.

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Posted by dcjaya at December 13, 2007 1:21 AM