Washington Group International to Provide Professional Services on Major California Real Estate Development
BOISE, Idaho, and ONTARIO, Calif. (July 19, 2007) — Washington Group International (NYSE: WNG) announced today it has been awarded a contract by the City of Ontario (Calif.) to provide professional services for infrastructure facilities in one of the largest infill real estate developments west of the Mississippi River.
Under the cost-reimbursable contract, Washington Group will provide public works inspection and material testing of streets, water, sewer, storm drain, and related facilities for the first phase of Ontario’s New Model Colony, an 8,200-acre master-planned development expected to include 30,000 new homes and several million square feet of commercial, retail, and light industrial development during the next 20 years. The initial contract will run through October 2008, with four one-year options available.
“We are pleased to support the City of Ontario as it moves forward on this visionary project,” said Greg Therrien, president of Washington Group’s Infrastructure Business Unit. “Washington Group has long been involved in the advancement of California’s infrastructure – from helping expand the San Francisco Airport to work on current transit systems in Los Angeles and the Bay area.”
The California Transportation Foundation named the Los Angeles METRO’s Orange Bus Rapid Transit Line, designed by Washington Group International, the 2006 Transit Project of the Year in a statewide competition that recognizes outstanding achievements in California transportation.
About the Company
Washington Group International (NYSE: WNG) provides the talent, innovation, and proven performance to deliver integrated engineering, construction, and management solutions for businesses and governments worldwide. Headquartered in Boise, Idaho, with more than $3 billion in annual revenue, the company has approximately 25,000 people at work around the world providing solutions in transportation, power, environmental management, defense, oil and gas processing, mining, industrial facilities, transportation and water resources. For more information, visit www.wgint.com.
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which are identified by the use of forward-looking terminology such as may, will, could, should, expect, anticipate, intend, plan, estimate, or continue or the negative thereof or other variations thereof. Each forward-looking statement, including, without limitation, any financial guidance, speaks only as of the date on which it is made, and Washington Group undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which it is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. The forward-looking statements are necessarily based on assumptions and estimates of management and are inherently subject to various risks and uncertainties. Actual results may vary materially as a result of changes or developments in social, economic, business, market, legal, and regulatory circumstances or conditions, both domestically and globally, as well as due to actions by customers, clients, suppliers, business partners, or government bodies. Performance is subject to numerous factors, including demand for new power generation and for modification of existing power facilities, public sector funding, demand for extractive resources, capital spending plans of customers, and spending levels and priorities of the U.S., state and other governments. Results may also vary as a result of difficulties or delays experienced in the execution of contracts or implementation of strategic initiatives. For additional risks and uncertainties impacting the forward-looking statements contained in this news release, please see “Note Regarding Forward-Looking Information” and “Item 1A. Risk Factors” in Washington Group’s annual report on Form 10-K for fiscal year 2006.
CONTACTS:
Jerry Holloway or Laurie Spiegelberg, Washington Group International, +1-208-386-5255
