Jacobs wins $1 billion San Francisco wastewater upgrade contract
Jacobs was selected by the San Francisco Public Utilities Commission as the design‑build contractor for the Southeast Treatment Plant Nutrient Reduction Project. The $1 billion contract will be executed through a joint venture with PCL Construction and will upgrade the city’s largest wastewater plant, which processes about 80% of the city’s wastewater. Jacobs said the project will help meet state and federal environmental requirements and will support local community health and workforce training initiatives.
Why it matters
Jacobs expects the contract to add to its regulated‑infrastructure backlog and boost future revenue, according to the company’s press release. The award also reinforces Jacobs’ position in the water‑infrastructure market.
Key facts
- 1The contract is valued at approximately $1 billion. tradingview.com
- 2Jacobs will execute the work in a joint venture with PCL Construction. investing.com
- 3The project is the Southeast Treatment Plant Nutrient Reduction Project, upgrading San Francisco’s largest wastewater treatment plant. investing.com
- 4The plant processes nearly 80% of the city’s wastewater. investing.com
- 5Jacobs reported approximately $12 billion in annual revenue. investing.com
- 6Jacobs employs approximately 47,000 people. investing.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.