- Jacobs Engineering Group Inc J agreed to the role as the East West Rail program partner for providing integration across a diverse supply chain during the three-year development phase of program to construct a new rail link between Oxford and Cambridge.
- East West Rail estimates the contract value at $50 million (£35 million) over three years.
- This rail line will reconnect Oxford and Cambridge, separated since the closure of the 'Varsity Line' in the 1960s, and provide a transport link between Oxford, Bicester, Milton Keynes, Bedford, and Cambridge.
- Jacobs has committed to work with social enterprise partnerships, voluntary and community sector organizations, and small and medium–sized enterprises to deliver a program of social value.
- Price Action: J shares are trading lower by 0.24% at $132.33 on the last check Friday.
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