BATON ROUGE, La., Jun 30, 2004 (BUSINESS WIRE) -- The Shaw Group
Inc. (NYSE:SGR) announced today that Shaw/AIM JV, a joint venture of
Shaw Environmental, Inc. and AIM Partners, PLC, was awarded a contract
by the City of Atlanta to provide a full range of integrated
engineering and construction management services for various
departments within the municipality. The contract will support the
City's architectural and engineering needs across a wide range of
projects, including the recently announced $3.3 billion sewer
rehabilitation effort, an accelerated project designed to improve
water quality in the City's streams and the Chattahoochee and South
Rivers. Shaw/AIM JV was one of six companies selected under this
contract, which has a potential shared value of over $200 million.
The indefinite delivery, indefinite quantity contract has a
two-year basic ordering period with three additional one-year option
periods and will be implemented through task orders which may be
performed on a cost-reimbursable or fixed-price basis. Task orders to
be issued under this contract include a wide range of architectural,
engineering and construction management projects; facilities and
infrastructure maintenance; civil, mechanical, electrical, and
structural engineering; and the design of treatment facilities and
conveyance systems, as well as, sewer design and storm water control
structures. Anticipated services include engineering studies, modeling
process and hydraulics, and regulatory requirements assistance.
Shaw/AIM JV is the prime contractor in a teaming arrangement with
Applied Engineering & Science, Inc.; Bench Mark Management, LLC;
Cheeks/Hornbein Architects; Environmental Resource Services; Neil
Engineering; Precision Engineering & Surveying, Inc.; The Mosby Law
Group; and Washington Group International Inc. The team is a diverse
group of highly-qualified companies including significant
Minority-Business Enterprise and Female-Business Enterprise
participation.
Diana Severs Ferguson, President of Shaw Environmental and
Infrastructure, Inc., said, "We have been particularly focused on
increasing our visibility in the municipal services market and this
opportunity is a tremendous step toward realizing that strategic goal.
Atlanta is considered the major commercial and transportation hub of
the southeastern United States with one of the busiest airports in the
world. We are very pleased and excited to work with the leaders of
Atlanta in meeting the City's infrastructure and quality of life goals
in a timely and cost-efficient manner."
The Shaw Group Inc. is a leading provider of consulting,
engineering, construction, remediation, and facilities management
services to government and private sector clients in the
environmental, infrastructure, and emergency response markets. The
Shaw Group is also a vertically integrated provider of comprehensive
engineering, consulting, procurement, pipe fabrication, construction,
and maintenance services to the power and process industries
worldwide. A Fortune 500 company, The Shaw Group is headquartered in
Baton Rouge, Louisiana, and employs approximately 17,000 people at its
offices and operations in North America, South America, Europe, the
Middle East and the Asia-Pacific region. For further information,
please visit the Company's website at www.shawgrp.com.
The statements contained herein that are not historical facts
(including without limitation statements to the effect that the
Company or its management "believes," "expects," "anticipates,"
"plans," or other similar expressions) and statements related to
revenues, earnings, backlog, or other financial information or results
are forward-looking statements based on the Company's current
expectations and beliefs concerning future developments and their
potential effects on the Company. There can be no assurance that
future developments affecting the Company will be those anticipated by
the Company. These forward-looking statements involve significant
risks and uncertainties (some of which are beyond our control) and
assumptions and are subject to change based upon various factors.
Should one or more of such risks or uncertainties materialize, or
should any of our assumptions prove incorrect, actual results may vary
in material respects from those projected in the forward-looking
statements. The Company undertakes no obligation to publicly update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise. A description of some of the
risks and uncertainties that could cause actual results to differ
materially from such forward-looking statements can be found in the
Company's reports and registration statements filed with the
Securities and Exchange Commission, including its Form 10-K and Form
10-Q reports, and on the Company's website under the heading
"Forward-Looking Statements". These documents are also available from
the Securities and Exchange Commission or from the Investor Relations
department of Shaw. For more information on the company and
announcements it makes from time to time on a regional basis visit our
website at www.shawgrp.com.
SOURCE: The Shaw Group Inc.
The Shaw Group Inc., Baton Rouge
Chris D. Sammons, 225-932-2546
