AECOM has been appointed by Murphy as the exclusive design partner to deliver Thames Water’s £340 million upgrade of the Oxford Sewage Treatment Works in the UK. The project aims to increase treatment capacity by approximately 40% to support population growth and protect the environment by improving effluent quality discharged into the River Thames. This scheme is a key component of Thames Water’s capital delivery works program during AMP8, the UK’s current Asset Management Period 8.

The upgrade includes enhancing power supplies and increasing storm tank capacity and sewage treatment flows. AECOM will provide multidisciplinary design services as the contractor’s exclusive design partner. The initiative is designed to ensure long-term resilience and environmental performance of the wastewater network for communities in Oxfordshire.

"Upgrading these major sewage treatment works is critical for facilitating growth and protecting the environment for communities in Oxfordshire," said Beverley Stinson, chief executive of AECOM’s global Water business. She highlighted the firm's status as the world’s number one water design firm as ranked by Engineering News-Record and emphasized the use of AI-enabled solutions for efficient infrastructure.

Richard Whitehead, chief executive of AECOM’s Europe and India region, noted that the award reinforces the company's longstanding relationship with Thames Water. He expressed confidence that the collaboration with Murphy would bring together the necessary skills to enhance services for customers and deliver cleaner waterways.

David Mayfield, Senior Project Manager at Thames Water, described the upgrade as a significant investment in future-ready treatment facilities. He stated that working with AECOM and Murphy would ensure fewer storm overflows and a resilient wastewater service for growing communities in the region.

AECOM previously delivered the Deephams Sewage Treatment Works upgrade in a joint venture with Murphy and Kier. This new contract builds on AECOM's recent wins related to the AMP8 UK water infrastructure framework, including supporting Thames Water’s approximately $540 million professional services framework and Southern Water’s $4.8 billion capital delivery program.

Truist Securities analyst Jamie Cook has maintained a Buy rating on AECOM while adjusting the valuation outlook for the stock. The firm lowered the price target to $102, down from the previous $109, reflecting a revised assessment of the company's potential.

The rating retention indicates continued confidence in AECOM's business fundamentals despite the reduction in the target price. The new target provides a reference point for investors tracking the stock's performance against analyst expectations.

AECOM operates as a prominent infrastructure firm, and analyst ratings serve as key indicators for market participants evaluating the sector.