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Jacobs to Deliver New York's Transformative Interborough Express Light Rail Project

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Jacobs (NYSE: J) has been selected, in joint venture with HDR, to provide engineering consultant services for the Metropolitan Transportation Authority's (MTA) Interborough Express (IBX) Light Rail Project in New York. The transformative 14-mile transit line will connect communities across Brooklyn and Queens, representing a major investment in NYC's transit infrastructure.

The project will utilize existing rail infrastructure while maintaining freight connectivity to local ports. With projected ridership among the highest in the U.S. for light rail transit, IBX aims to enhance mobility, reduce travel times, and support sustainable urban growth. The Jacobs-HDR team will lead design development, addressing freight integration, tunnel retrofits, and bridge modifications.

Jacobs (NYSE: J), in joint venture con HDR, è stata scelta per fornire servizi di consulenza ingegneristica per il progetto di tram leggero Interborough Express (IBX) della Metropolitan Transportation Authority (MTA) a New York. Questa linea di trasporto trasformativa di 14 miglia collegherà comunità di Brooklyn e Queens e rappresenta un importante investimento nelle infrastrutture di trasporto della città.

Il progetto sfrutterà infrastrutture ferroviarie esistenti mantenendo la connettività merci verso i porti locali. Con una previsione di afflusso tra le più alte negli Stati Uniti per il trasporto leggero su rotaia, l'IBX punta a migliorare la mobilità, ridurre i tempi di viaggio e sostenere uno sviluppo urbano sostenibile. Il team Jacobs-HDR guiderà lo sviluppo del progetto di progetto, occupandosi dell'integrazione del traffico merci, del rinnovamento dei tunnel e delle modifiche ai ponti.

Jacobs (NYSE: J), en consorcio con HDR, ha sido seleccionada para prestar servicios de consultoría de ingeniería para el proyecto de tranvía ligero Interborough Express (IBX) de la Metropolitan Transportation Authority (MTA) en Nueva York. Esta transformadora línea de 14 millas conectará comunidades de Brooklyn y Queens y supone una inversión importante en la infraestructura de transporte de la ciudad.

El proyecto aprovechará la infraestructura ferroviaria existente manteniendo la conectividad de carga hacia los puertos locales. Con una proyección de pasajeros entre las más altas en EE. UU. para tranvía ligero, el IBX busca mejorar la movilidad, reducir los tiempos de viaje y apoyar un crecimiento urbano sostenible. El equipo Jacobs-HDR liderará el desarrollo del diseño, abordando la integración de la carga, las reformas de túneles y las modificaciones de puentes.

Jacobs (NYSE: J)ëŠ� HDR와ì� 합작법ì¸ì� 통해 뉴욕ì� Metropolitan Transportation Authority(MTA) Interborough Express(IBX) 경전ì²� 프로ì íЏì—� 대í•� 엔지니어ë§� 컨설íŒ� 서비스를 제공í•� ì—…ì²´ë¡� ì„ ì •ë˜ì—ˆìŠµë‹ˆë‹�. ì� 변화를 가져올 14마ì¼(ì•� 22.5km) ë…¸ì„ ì€ ë¸Œë£¨í´ë¦°ê³� 퀸즈ì� 지역사회를 연결하며 뉴욕ì‹� 대중êµí†� ì¸í”„ë¼ì— 대í•� 대규모 투ìžë¥� ì˜ë¯¸í•©ë‹ˆë‹�.

ì� 프로ì íЏëŠ� 기존 ì² ë„ ì¸í”„ë¼ë¥¼ 활용하면ì„� ì§€ì—� í•­êµ¬ë¡œì˜ í™”ë¬¼ ì—°ê²°ì„±ì€ ìœ ì§€í•©ë‹ˆë‹�. 경전ì²� ì¤� 미국ì—서 ìŠ¹ê° ìˆ˜ê°€ ê°€ìž� ë†’ì€ íŽ¸ì— ë“� 것으ë¡� 예ìƒë˜ëŠ” IBXëŠ� ì´ë™ì„� í–¥ìƒ, ì´ë™ 시간 단축, ì§€ì†� 가능한 ë„시 성장ì� ì§€ì›í•˜ëŠ� ê²ƒì„ ëª©í‘œë¡� 합니ë‹�. Jacobs-HDR íŒ€ì€ í™”ë¬¼ 통합, í„°ë„ ê°œë³´ìˆ�, êµëŸ‰ 수정 ë“±ì„ í¬í•¨í•� 설계 개발ì� 주ë„í•� 예정입니ë‹�.

Jacobs (NYSE: J), en coentreprise avec HDR, a été sélectionnée pour fournir des services de conseil en ingénierie pour le projet de tramway léger Interborough Express (IBX) de la Metropolitan Transportation Authority (MTA) à New York. Cette ligne transformatrice de 14 miles reliera des communautés de Brooklyn et Queens et constitue un investissement majeur dans les infrastructures de transport de la ville.

Le projet exploitera des infrastructures ferroviaires existantes tout en maintenant la connectivité fret vers les ports locaux. Avec une prévision de fréquentation parmi les plus élevées aux États-Unis pour un tramway léger, l'IBX vise à améliorer la mobilité, réduire les temps de trajet et soutenir une croissance urbaine durable. L'équipe Jacobs-HDR pilotera le développement de la conception, en traitant l'intégration du fret, la réhabilitation des tunnels et les modifications de ponts.

Jacobs (NYSE: J) wurde gemeinsam mit HDR ausgewählt, Beratungsleistungen im Ingenieurwesen für das Interborough Express (IBX) Light Rail Project der Metropolitan Transportation Authority (MTA) in New York zu erbringen. Die wegweisende 14-Meilen-Strecke wird Gemeinden in Brooklyn und Queens verbinden und stellt eine bedeutende Investition in die Verkehrsinfrastruktur der Stadt dar.

Das Projekt nutzt bestehende Bahninfrastruktur und erhält gleichzeitig die Güteranbindung zu den lokalen Häfen. Mit einer voraussichtlichen Fahrgastzahl, die zu den höchsten in den USA für Stadtbahnprojekte zählt, zielt das IBX darauf ab, die Mobilität zu verbessern, Reisezeiten zu verkürzen und nachhaltiges städtisches Wachstum zu fördern. Das Jacobs-HDR-Team wird die Entwurfsentwicklung leiten und dabei die Integration des Güterverkehrs, Tunnelüberholungen und Brückenanpassungen behandeln.

Positive
  • Major contract win for engineering services on a significant infrastructure project
  • Project leverages existing rail infrastructure, promoting cost efficiency
  • Company reports strong financial position with $12 billion in annual revenue
  • Strategic expansion in transportation sector, where Jacobs is ranked No. 2 by Engineering News-Record
Negative
  • Project faces complex challenges including freight integration and infrastructure modifications
  • Execution subject to various risk factors including potential changes in government funding
  • Project vulnerable to inflation and interest rate fluctuations

Insights

Jacobs secured a major engineering contract for NYC's 14-mile Interborough Express, strengthening its transportation portfolio and revenue pipeline.

Jacobs has secured a strategically valuable position on New York's Interborough Express (IBX) Light Rail Project, a 14-mile transit system connecting Brooklyn and Queens. This engineering consultant services contract, awarded to a Jacobs-HDR joint venture, represents a significant addition to Jacobs' transportation portfolio where the company is already recognized as the No. 2 ranked firm by Engineering News-Record.

The IBX project's characteristics make it particularly valuable in the infrastructure market: it leverages existing rail infrastructure while maintaining freight connectivity, aligning with the industry's increasing focus on cost-efficient repurposing of transportation corridors. The project's projected ridership is expected to be among the highest in the U.S. for light rail transit, suggesting a substantial project scope that should translate to meaningful revenue for Jacobs.

This win builds upon Jacobs' impressive mass transit track record, which includes the MTA's Grand Central Madison program, the Elizabeth line in the UK, and the Klang Valley Mass Rapid Transit in Malaysia. With approximately $12 billion in annual revenue, this contract reinforces Jacobs' position in the urban mobility sector � a market experiencing robust government investment despite broader economic uncertainties.

The contract scope encompasses complex engineering challenges including freight integration, tunnel retrofits, and major bridge modifications, while also covering delivery strategy and operational readiness � indicating a comprehensive, long-term engagement rather than a limited design assignment. This positions Jacobs to capture additional value throughout the project lifecycle, strengthening their role in transit-oriented development, a sector seeing increased prioritization in urban planning budgets.

Expands mobility promoting sustainable, transit-oriented growth for New York City communities

DALLAS, Aug. 27, 2025 /PRNewswire/ --Ìý (NYSE: J), in joint venture with HDR, has been selected to provide engineering consultant services for the Metropolitan Transportation Authority's (MTA) Interborough Express (IBX) Light Rail Project â€� a new transit line connecting communities across Brooklyn and Queens, New York.

A major investment in New York City's transit future, IBX will deliver a world-class, light rail system to enhance mobility, reduce travel times and support sustainable urban growth. Spanning 14 miles through one of the most densely populated corridors in the U.S., the Jacobs-HDR JV team will lead design development addressing freight integration, tunnel retrofits and major bridge modifications while also advising on delivery strategy and operational readiness studies.

Leveraging existing rail infrastructure, IBX will continue building on the MTA's track record of completing projects better, faster and cheaper than ever before. This can be accomplished while maintaining essential freight connectivity to local ports and supply chains.

"The Interborough Express will set a new standard for modern transit � economically efficient, environmentally conscious and designed around the passenger experience," said Jacobs Executive Vice President Katus Watson. "Through advanced service planning, intuitive station design that reflects the character of each neighborhood, we're working with the MTA to deliver a community-centered system that keeps New Yorkers safe and connected to opportunities for growth."

"The Interborough Express is a once-in-a-generation opportunity to leverage cutting-edge technology to improve mobility and quality of life for New Yorkers living in the two most populous boroughs and beyond," said HDR Transportation President Tom McLaughlin. "IBX will also be transformative, driving economic investment and providing better access to core services and businesses throughout the region. Our team is excited to provide the design and engineering, operational planning, procurement and project delivery support to move this important project forward."

With projected ridership among the highest in the U.S. for light rail transit, IBX is expected to deliver immediate and lasting benefits � expanding access to jobs, education and essential services while catalyzing growth across Brooklyn and Queens.

Ranked as No. 2 in Transportation byÌý, Jacobs delivers world-class, mass transportation infrastructure solutions that connect people and communities. Projects include MTA's Grand Central MadisonÌýprogram and in New York, the Elizabeth lineÌýand theÌýÌý in the U.K. and Klang Valley Mass Rapid TransitÌý¾±²Ô Malaysia.

At Jacobs, we're challenging today to reinvent tomorrow â€� delivering outcomes and solutions for the world's most complex challenges. With approximately $12 billion in annual revenue and a team of almost 45,000, we provide end-to-end services in advanced manufacturing, cities & places, energy, environmental, life sciences, transportation and water. From advisory and consulting, feasibility, planning, design, program and lifecycle management, we're creating a more connected and sustainable world. See how at Ìýand connect with us on ,Ìý,ÌýÌýand .Ìý

Certain statements contained in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that do not directly relate to any historical or current fact. When used herein, words such as "expects," "anticipates," "believes," "seeks," "estimates," "plans," "intends," "future," "will," "would," "could," "can," "may," and similar words are intended to identify forward-looking statements. We base these forward-looking statements on management's current estimates and expectations, as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from our forward-looking statements including, but not limited to, uncertainties as to, the timing of the award of projects and funding and potential changes to the amounts provided for under the Infrastructure Investment and Jobs Act and other legislation and executive orders related to governmental spending, including any directive to federal agencies to reduce federal spending or the size of the federal workforce, and changes in U.S. or foreign tax laws, including the new tax legislation enacted in the U.S. in July 2025, statutes, rules, regulations or ordinances, including the impact of, and changes to tariffs and retaliatory tariffs or trade policies, that may adversely impact our future financial positions or results of operations, as well as general economic conditions, including inflation and the actions taken by monetary authorities in response to inflation, changes in interest rates and foreign currency exchange rates, changes in capital markets, the possibility of a recession or economic downturn, and increased uncertainty and risks, including policy risks and potential civil unrest, relating to the outcome of elections across our key markets and elevated geopolitical tension and conflicts, among others. For a description of these and additional factors that may occur that could cause actual results to differ from our forward-looking statements, see our filings with the U.S. Securities and Exchange Commission. The company is not under any duty to update any of the forward-looking statements after the date of this press release to conform to actual results, except as required by applicable law.

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FAQ

What is the scope of Jacobs' Interborough Express Light Rail Project contract?

Jacobs, in joint venture with HDR, will provide engineering consultant services for the 14-mile transit line, including design development, freight integration, tunnel retrofits, and bridge modifications.

How will the Interborough Express Light Rail Project impact NYC transportation?

The project will connect Brooklyn and Queens communities, enhance mobility, reduce travel times, and support sustainable urban growth, with projected ridership among the highest in U.S. light rail transit.

What is Jacobs' (NYSE: J) current annual revenue?

Jacobs reports approximately $12 billion in annual revenue with a workforce of almost 45,000 employees.

What are the main challenges for the Interborough Express Light Rail Project?

Key challenges include maintaining freight connectivity to local ports, integrating with existing infrastructure, tunnel retrofitting, and major bridge modifications while ensuring cost efficiency.

How does this project align with Jacobs' business strategy?

The project aligns with Jacobs' position as the No. 2 ranked transportation engineering firm, expanding their portfolio of mass transportation infrastructure solutions globally.
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