AECOM will serve as the exclusive design partner for a £340 million upgrade to Thames Water's Oxford Sewage Treatment Works. The project will increase treatment capacity by approximately 40%. This expansion supports local population growth and improves the quality of effluent discharged into the River Thames.
The contract is a key component of Thames Water's AMP8 capital investment program. AECOM will provide multidisciplinary design services for the facility. This selection follows several other recent contract wins for AECOM in the UK water market.
Separately, Truist Securities adjusted its price target for AECOM on July 2. The firm lowered the target to $102. The previous target was $109. Analysts maintained a Buy rating, citing strong infrastructure demand ahead of second-quarter earnings reports.