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.
Balfour Beatty plc
Tel 020 7216 6924
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
Balfour Beatty employs 50,000 people around the world.
This information is provided by RNS
The company news service from the London Stock Exchange
MSCBLBFTMBABMBT -0- Nov/19/2012 07:00 GMT
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