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Jacobs Solutions Inc. (J), in a joint venture with Arcadis, has secured the Logan and Gold Coast Faster Rail Project from the Department of Transport and Main Roads Queensland in Australia. The project will remodel South East Queensland’s rail network to expand capacity and enhance passenger experience between Brisbane and the Gold Coast, covering a 12.4-mile (20-kilometer) corridor by doubling the tracks from two to four.
The joint venture will also remove five level crossings to improve safety and reduce congestion. Jacobs aims to enhance access to high-frequency rail through upgraded stations and new walking and cycling connections. This project is expected to contribute to Jacobs’ infrastructure portfolio and positively impact its stock performance, with shares recently gaining 1.7% in a trading session and an additional 0.8% after hours.
As of the end of the fourth quarter of fiscal 2025, Jacobs reported a consolidated backlog of $23.1 billion, up 6% from the prior year, indicating a strong demand for its consulting services across various infrastructure sectors.
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