Balfour Beatty PLC (BBY) - Contract Win
RNS Number : 2892S
Balfour Beatty PLC
29 November 2012
29 November 2012
BALFOUR BEATTY AWARDED GBP125 MILLION TRUNK ROAD MAINTENANCE CONTRACT IN
Balfour Beatty, the international infrastructure group, has been awarded a
long-term contract to manage and maintain major trunk roads in the South West
of Scotland. The contract was awarded by the Scottish Ministers and has a
total potential value in excess of £125 million.
Balfour Beatty Chief Executive, Ian Tyler, said:
"We are delighted to have been selected by the Scottish Ministers to deliver
this contract to maintain roads on routes vital to the country's economy. We
look forward to continuing to work closely with Transport Scotland, building
on our successes and bringing innovative and efficient approaches to improving
trunk road maintenance."
Scotland TranServ, a Balfour Beatty Mouchel joint venture, will deliver the
new five-year contract which will commence on 1 April 2013 and has extension
options of up to five further years. It will be worth approximately £25
million per annum.
The South West region covers an area stretching from Stranraer in Dumfries and
Galloway to Alexandria in Strathclyde. It includes 681 kilometres of roads
and 1,912 structures.
Balfour Beatty plc
Tel 020 7216 6924
Tel 020 7216 6846
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
CNTBLBFTMBITMIT -0- Nov/29/2012 07:01 GMT
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