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AECOM joint venture awarded contract to deliver technical services for key new phase of Hong Kong's major Northern Metropolis development

1. AECOM selected for major infrastructure project in Hong Kong. 2. This development supports the Northern Metropolis initiative.

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FAQ

Why Bullish?

Winning significant projects tends to enhance ACM's revenue forecasts, similar to past CEDD contracts that uplifted share valuations.

How important is it?

This contract aligns with ACM’s growth strategy, indicating strong future earnings and reinforcing investor confidence.

Why Long Term?

The project's long duration will provide sustained revenue streams, paralleling successful past infrastructure developments that boosted long-term performance.

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DALLAS--(BUSINESS WIRE)--AECOM (NYSE: ACM), the trusted global infrastructure leader, today announced that it has been selected in a joint venture by the Civil Engineering and Development Department (CEDD) of the HKSAR Government for the design and construction of Package 3 of the First Phase Development of the New Territories North – San Tin / Lok Ma Chau Development Node. This project is a cornerstone of the Northern Metropolis, a major new development in Hong Kong that will support approxima.

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