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Balfour Beatty PLC BBY Contract Wins



  Balfour Beatty PLC (BBY) - Contract Wins

RNS Number : 4583O
Balfour Beatty PLC
11 October 2012
 



11 October 2012

 

                 BALFOUR BEATTY WATER AND WASTEWATER STRATEGY

                DELIVERS CONTRACTS OVER £185 (US$300) MILLION

                                       

Balfour Beatty, the global  infrastructure group, is on  track to realise  its 
strategic goal  to capture  a  10% share  in  its area  of  the US  water  and 
wastewater market by 2020 after winning  a £80 (US$130) million contract  with 
the Patapsco  Wastewater  Treatment  Plant  in  Baltimore  County,  Maryland.  
Balfour Beatty has also delivered on  the strategic milestone of entering  the 
Southwest water and wastewater market by winning its first job in Texas -  the 
£45 (US$74)  million, three  year contract  at the  Galveston Main  Water  and 
Wastewater Treatment Plant.   

 

In 2011, Balfour Beatty acquired Fru-Con Construction and these new  contracts 
highlight how Balfour  Beatty has been  able to leverage  the benefits of  the 
Fru-Con  deal.   The  Patapsco  845R  is  the  largest  value  win  since  the 
acquisition in June 2011.   It will be Balfour  Beatty's third project at  the 
Patapsco  plant,  and  includes  upgrades  to  the  existing  plant  and   the 
construction of two major structures: a biological aerated filter building and
a pump station.

 

Since Fru-Con was acquired,  the company has  won approximately £185  (US$300) 
million in new  works directly related  to its growth  strategy targets.   Ian 
Tyler,  CEO,  commented:  "This  third  win  with  Patapsco  is  an  excellent 
achievement. The  water and  wastewater market  is a  core strategic  vertical 
sector for our business, and we are looking to expand our capabilities to also
compete in desalination and design-build projects in the future.

 

"It is our intention to expand our successful West Coast and East Coast  water 
and wastewater business into areas of the country which are experiencing  high 
population  growth  and   increased  water  demands,   for  example   southern 
California, as well as the Southwest and Southeast regions of the US."

 

The Fru-Con  Construction  acquisition  has provided  Balfour  Beatty  with  a 
powerful competitive  advantage by  combining Fru-Con's  water and  wastewater 
specialist  skills  with  Balfour  Beatty's  local  civil  knowledge.  Balfour 
Beatty's strategic plan is to leverage and transfer Fru-Con's water specialist
skills from  the  mid-Atlantic into  its  existing civil  geographies  in  the 
Southeast and Southwest states of the Carolinas, Georgia, Florida and Texas. 

 

With the Patapsco 845R contract win and the recent geographical expansion into
the Southwest, Balfour Beatty  is on target to  become a premier performer  in 
the US water and wastewater market.

 

                                     ENDS

 

Analyst/investor enquiries:

Basak Kotler

Balfour Beatty plc

Tel. 020 7216 6924

 

Media enquiries:

Rebecca Salt

Balfour Beatty plc

Tel. 020 7216 6865

 

 

Notes to Editors:

 

Balfour Beatty (www.balfourbeatty.com) is  a world-class infrastructure  group 
with capabilities  in professional  services, construction  services,  support 
services and infrastructure investments.

 

We work in partnership with our  customers principally in the UK,  continental 
Europe, the US, South-East Asia, Australia and the Middle East, who value  the 
highest levels of quality, safety and technical expertise.

 

Key infrastructure markets include transportation (roads, rail and  airports); 
social infrastructure (education, specialist healthcare, and various types  of 
accommodation); utilities (water, gas  and power transmission and  generation) 
and commercial (offices, leisure and retail).

 

The Group delivers services essential to the development, creation and care of
these  infrastructure   assets  including   project  design,   financing   and 
management, engineering and construction, and facilities management services.

 

Balfour Beatty employs 50,000 people around the world.

 

                     This information is provided by RNS
           The company news service from the London Stock Exchange
 
END
 
 
CNTUASVRUAARARA -0- Oct/11/2012 06:00 GMT
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