Balfour Beatty PLC BBY Contract Win

  Balfour Beatty PLC (BBY) - Contract Win

RNS Number : 4134R
Balfour Beatty PLC
19 November 2012




19 November 2012

                                      

       BALFOUR BEATTY PREFERRED BIDDER FOR US$798M DESIGN-BUILD PROJECT

                                      

 Texas Department of Transportation selects Balfour Beatty joint venture team
              as best value bidder for Dallas Horseshoe Project

                                      

Balfour Beatty, the global infrastructure  group, is pleased to announce  that 
it has  been named  as best  value bidder,  as part  of a  design-build  joint 
venture with Fluor Corporation, to undertake the upgrades and replacements  of 
river crossings in  Dallas, Texas. The  Texas Department of  Transportation's 
(TxDOT) estimate for the design, construction, utilities and right of way  for 
the project is approximately US$798 (£502) million.



The 'Dallas Horseshoe' project  calls for the upgrade  and replacement of  the 
I-30 and I-35E  bridges and construction  of additional lanes  as well as  the 
previously  designed   Margaret  McDermott   bridges.  TxDOT   will   utilise 
design-build project delivery to shorten  the construction schedule and  lower 
the overall cost. The design work  will start in early 2013 and  construction 
will be completed in 2017.



Commenting on the announcement, Ian Tyler, CEO said: "Transportation is a key
component of our current and long-term strategy where we look to leverage  our 
strength in  design  and  construction  to develop  our  business  in  complex 
design-build transportation projects. Our expertise across the  infrastructure 
life cycle differentiates us from other companies in the market and adds value
for our customers. Parsons Brinckerhoff's technical design and Balfour Beatty
Infrastructure's experience in  design-build were  instrumental in  delivering 
this project award.



"I'm delighted that this selection by the Texas DOT recognises these strengths
and brings together our transportation market skills and expertise of  several 
areas of the Balfour Beatty group. We look forward to working in  partnership 
with Fluor to deliver a robust and innovative solution with minimum disruption
to the community."



The project will be managed, working in joint venture with lead partner Fluor,
as the Pegasus Link Constructors LLC joint venture. Balfour Beatty will bring
together the  expertise of  Parsons  Brinckerhoff, its  Professional  Services 
business, as  lead  designer  and  Balfour  Beatty  Infrastructure  Inc.,  its 
industry-leading civil engineering contractor in the US.



                                     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:



1. Pegasus Link Constructors  LLC is  a 45/55% joint  venture between  Balfour 
   Beatty Infrastructure and Fluor Corporation.

   
2. 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


MSCBLBFTMBABMBT -0- Nov/19/2012 07:00 GMT