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Microcap & Penny Stocks : NYRR,What is going on?

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To: Wayne J. who wrote (3413)9/3/1998 7:49:00 PM
From: D LEE  Read Replies (1) of 4304
 
Some search engine helped me find this.
Darn.. now i can't figure which one! LOL

Nice to see you back, Wayne.
I've been off line a little myself.
..Dave


URS Part of Joint Venture Team Selected for $3.2-Billion Long
Island Rail Road Project
06:49 a.m. Sep 03, 1998 Eastern

SAN FRANCISCO, Sept. 3 /PRNewswire/ -- URS Corporation (NYSE: URS)
announced today that its wholly owned subsidiaries, URS Greiner, Inc.
and Woodward-Clyde, are part of a team that has been selected by
the Metropolitan Transportation Authority/Long Island Rail Road
(MTA/LIRR) to provide program management services for the $3.2-billion
East Side Access (ESA) Project in New York City. The Bechtel/URS
Greiner Woodward-Clyde joint venture team will provide comprehensive
program management services for the 10-year project. The project,
which will provide a direct connection for LIRR commuter rail trains
from Long Island to Grand Central Terminal (GCT) on the east side
of Manhattan, will be the largest construction project ever performed
for MTA and its affiliated agencies in New York State.

"This project represents the type of large, complex transportation project
which URS Greiner has been successfully winning," noted Martin M. Koffel,
Chairman and Chief Executive Officer. "As the level of federal funding
increases through initiatives such as the Transportation Equity Act for
the 21st Century, we are confident that there will be more opportunities
like the ESA Project for our Company."

The ESA Project is a significant component of the overall transportation
improvement program for the Long Island Transportation Corridor and the
New York City metropolitan area. The project involves more than 20,000
linear feet of new hard rock and soft ground tunnels and reconstructed tunnels
between Long Island City and Manhattan, including the lower level of the
existing 63rd Street-Queens Boulevard Connector Tunnel which is part of
the 63rd Street Subway line. The project also will involve a major
reconfiguration of GCT's lower level to accommodate ten-track, five-island
platforms for LIRR trains, new and/or upgraded LIRR passenger access points
at GCT, a new commuter rail station at Sunnyside Yard in Long Island City,
and a new railcar storage yard in Queens, as well as traction power, signals,
and communications systems.

"The ESA Project is a challenging, landmark project for New York City,"
commented Irwin L. Rosenstein, President of URS Greiner, Inc.
"It will enhance New York City's rail infrastructure to support economic
development in the region, improve the quality of life, and significantly
reduce commute times. We are pleased to have our joint venture team
selected to assist the LIRR in managing this world-class project."
Headquartered in San Francisco, URS Corporation offers a broad range
of planning, design, and program and construction management services
through its two operating divisions, URS Greiner and Woodward-Clyde.

With more than 150 offices in 18 countries, including offices in Europe
and the Asia/Pacific region, the Company provides services for infrastructure
projects involving air and surface transportation systems, institutional,
industrial and commercial facilities, and pollution control, water resources
and hazardous waste management programs.

The Company serves local, state and federal government agencies as well as
private clients in the chemical, manufacturing, pharmaceutical, forest product,
mining, water supply, commercial development, telecommunications and utilities
industries. SOURCE URS Corporation
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