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Plant(s): View 7 related plants in PECWeb
Released November 17, 2023 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Engineering and design-build firm AECOM (NYSE:ACM) (Los Angeles, California) saw its design-contracted backlog increase 15% in third-quarter 2023 to an all-time high of $21.4 billion, driven by increased investment in infrastructure, sustainability and the energy transition. Industrial Info is tracking nearly $30 billion worth of active projects across the U.S. and Canada featuring AECOM's services, and more than $60 billion worth globally; in the U.S. and Canada, transportation projects account for more than half of the projected spending, followed by power-generation and mining projects.
Click on the image at right for a graph detailing the top 10 developers for U.S. and Canadian projects featuring AECOM, by total investment value.
One of the longest-stalled projects featuring AECOM's efforts might finally see construction begin in first-quarter 2024, thanks in part to a $3.4 billion boost from the Biden administration: the New York City Metropolitan Transportation Authority's 2nd Avenue subway expansion in East Harlem, which last month received a $3.4 billion Full Funding Grant Agreement from the U.S. Department of Transportation's (DOT) Federal Transit Administration. City and federal officials say the 1.8-mile extension will relieve overcrowding on the Lexington Avenue Line, which transports an estimated 200,000 New Yorkers every day. Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Project Database can learn more from a detailed project report.
Next spring, one of AECOM's largest projects under construction could wrap up: Valley Metro-RPTA's (Phoenix, Arizona) $704 million South Central/Downtown Light Rail extension in Phoenix, which runs 5.5 miles through the city and will include nine new stations and bridge modifications. Subscribers can learn more from a detailed project report.
"In the U.S., between the IIJA [Infrastructure Investment and Jobs Act], the IRA [Inflation Reduction Act] and the CHIPS Act, we're now seeing a real ramp-up in infrastructure growth," said Lara Poloni, the president of AECOM, in a recent quarterly earnings-related conference call. She noted substantial, ongoing public-transportation investment in the U.S., Canada and Australia is fueling an "unprecedented" $155 billion pipeline of rail projects. "We've had a number of significant wins over the last 12 months, and we're well positioned for the future."
AECOM also is involved in several commuter-rail projects in their early planning phases, in which plenty of factors could delay, alter or eliminate projected investment. These include:
In the power-generation sector, AECOM is serving as a consultant for Orsted North America's (Boston, Massachusetts) $755 million Eleven Mile Solar complex in Casa Grande, Arizona, which will generate 300 megawatts (MW) from photovoltaic (PV) panels and include a 300-MW battery energy-storage system (BESS). Site preparation started in August, and the project is set to wrap up in fourth-quarter 2024. Subscribers to Industrial Info's GMI Power Project Database can learn more from a detailed project report.
Deep in Canada's frozen north, AECOM is at work on a pair of cleanup projects at a pair of long-closed mines. Early last year, Crown-Indigenous Relations and Northern Affairs Canada (Gatineau, Quebec) and authorities in the Northwest Territories began to demolish, remediate and reclaim the Giant Gold Mine north of Yellowknife, which closed in 2004. AECOM's Canadian subsidiary is serving as a subcontractor for the project, which will not be fully completed until late next decade. Subscribers to Industrial Info's GMI Metals & Minerals Project Database can learn more from a detailed project report.
Crown-Indigenous Relations also is working with the Yukon Territory on the proposed demolition and remediation of a lead and zinc mine north of Faro. AECOM would plan the remediation and offer further support services for the project, the leaders of which are going through a lengthy permitting process. If it begins as scheduled, it also will not wrap up until late in the 2030s. Subscribers can learn more from a detailed project report.
Subscribers to Industrial Info's GMI Project Database can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of reports for active and planned projects featuring AECOM globally, and click here for a full list of reports for projects in the U.S. and Canada.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
Click on the image at right for a graph detailing the top 10 developers for U.S. and Canadian projects featuring AECOM, by total investment value.One of the longest-stalled projects featuring AECOM's efforts might finally see construction begin in first-quarter 2024, thanks in part to a $3.4 billion boost from the Biden administration: the New York City Metropolitan Transportation Authority's 2nd Avenue subway expansion in East Harlem, which last month received a $3.4 billion Full Funding Grant Agreement from the U.S. Department of Transportation's (DOT) Federal Transit Administration. City and federal officials say the 1.8-mile extension will relieve overcrowding on the Lexington Avenue Line, which transports an estimated 200,000 New Yorkers every day. Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Project Database can learn more from a detailed project report.
Next spring, one of AECOM's largest projects under construction could wrap up: Valley Metro-RPTA's (Phoenix, Arizona) $704 million South Central/Downtown Light Rail extension in Phoenix, which runs 5.5 miles through the city and will include nine new stations and bridge modifications. Subscribers can learn more from a detailed project report.
"In the U.S., between the IIJA [Infrastructure Investment and Jobs Act], the IRA [Inflation Reduction Act] and the CHIPS Act, we're now seeing a real ramp-up in infrastructure growth," said Lara Poloni, the president of AECOM, in a recent quarterly earnings-related conference call. She noted substantial, ongoing public-transportation investment in the U.S., Canada and Australia is fueling an "unprecedented" $155 billion pipeline of rail projects. "We've had a number of significant wins over the last 12 months, and we're well positioned for the future."
AECOM also is involved in several commuter-rail projects in their early planning phases, in which plenty of factors could delay, alter or eliminate projected investment. These include:
- Honolulu Authority for Rapid Transportation's City Center extension for its commuter rail line; see project report
- Waterloo Region Light Rail Transit's second-phase light-rail transit project in Waterloo, Ontario; see project report
- Valley Metro-RPTA's Capitol/I-10 West light-rail expansion in Phoenix, Arizona; see project report
In the power-generation sector, AECOM is serving as a consultant for Orsted North America's (Boston, Massachusetts) $755 million Eleven Mile Solar complex in Casa Grande, Arizona, which will generate 300 megawatts (MW) from photovoltaic (PV) panels and include a 300-MW battery energy-storage system (BESS). Site preparation started in August, and the project is set to wrap up in fourth-quarter 2024. Subscribers to Industrial Info's GMI Power Project Database can learn more from a detailed project report.
Deep in Canada's frozen north, AECOM is at work on a pair of cleanup projects at a pair of long-closed mines. Early last year, Crown-Indigenous Relations and Northern Affairs Canada (Gatineau, Quebec) and authorities in the Northwest Territories began to demolish, remediate and reclaim the Giant Gold Mine north of Yellowknife, which closed in 2004. AECOM's Canadian subsidiary is serving as a subcontractor for the project, which will not be fully completed until late next decade. Subscribers to Industrial Info's GMI Metals & Minerals Project Database can learn more from a detailed project report.
Crown-Indigenous Relations also is working with the Yukon Territory on the proposed demolition and remediation of a lead and zinc mine north of Faro. AECOM would plan the remediation and offer further support services for the project, the leaders of which are going through a lengthy permitting process. If it begins as scheduled, it also will not wrap up until late in the 2030s. Subscribers can learn more from a detailed project report.
Subscribers to Industrial Info's GMI Project Database can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of reports for active and planned projects featuring AECOM globally, and click here for a full list of reports for projects in the U.S. and Canada.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
