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Non-Tech : Encompass (ESR)

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To: leigh aulper who started this subject5/10/2002 5:59:40 PM
From: leigh aulper  Read Replies (1) of 93
 
Encompass Awarded $54.7 Million Contract for Philly Regional Rail Line Improvements

HOUSTON--(BUSINESS WIRE)--May 10, 2002--Encompass Services Corporation (NYSE:ESR), the premier provider of facilities systems and solutions in the United States, today announced that it has been awarded a $54.7-million track and signal improvement project for SEPTA, the Southeastern Pennsylvania Transportation Authority that services Philadelphia and five surrounding areas.

About 250 commuter and freight trains travel the 6.5-mile section of track associated with this project on a daily basis from the Wayne Junction Station to the Glenside Station. The improvements will allow more trains to travel at higher speeds through this important transportation artery.

"As well as being the home of the Liberty Bell, Philadelphia is also home to American passenger railroading, with some existing lines carrying passengers over rights-of-way that are well over a century old," said SEPTA General Manager, Faye Moore. "We are pleased that Encompass will be helping us keep our system safe, efficient and reliable."

"We are proud to be awarded this important transportation project," added Joe Ivey, president and chief executive officer of Encompass. "The requirements for the transit improvements were extensive, but the depth and range of our expertise continues to bolster our reputation nationally as a key provider of infrastructure services."

The company's unit in Lititz, Penn., will begin the 42-month project later this month.

Project highlights include:

-- Designing, furnishing and installing the track and wayside

signal system, track switches, highway crossings, and

interfaces with the existing signaling system

-- Installing a new bi-directional signal system with both cab

and wayside signals

-- Installing a new fiber optic communication system

-- Modifying and renewing the overhead catenary system at Newtown

Junction, Tabor, Jenkintown and Carmel

-- Demolishing Logan Station and expanding Jenkintown Station

In addition to this project, Encompass is currently finishing SEPTA's Girard Avenue Light Rail Infrastructure Renewal project. The project should be complete by June.
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