Extension on California High Speed Rail Contract

RNS Number : 3205E

Balfour Beatty PLC

09 May 2013

 



9 May 2013

Balfour Beatty Awarded Extension On £78 million

California High Speed Rail Program Management Contract

Balfour Beatty, the international infrastructure group announces that the California High-Speed Rail Authority has awarded a two-year £78 million (US$120 million) contract extension to Parsons Brinckerhoff, its professional services division, for programme management services on the California High-Speed Rail project.

One of the largest, most ambitious public transportation programmes in U.S. history, the project will allow passengers to travel from Los Angeles to San Francisco at speeds capable of over 200 miles per hour, making the trip in under three hours, compared to almost six hours by automobile.  The first phase of the planned 800-mile network will run from Los Angeles to the San Francisco Bay Area through California's Central Valley, with subsequent phases connecting to San Diego and Sacramento.

"The California High-Speed Rail System will transform the way Californians travel while alleviating freeway and airport congestion, reducing carbon emissions, and enhancing the state's economic competitiveness," explained Andrew McNaughton, Balfour Beatty Chief Executive.  "With funding now in place, construction of the initial segment in the Central Valley is on target to proceed this summer."

Parsons Brinckerhoff has served as the project's programme manager since 2006 and is assisting the California High Speed Rail Authority with all aspects of the programme, including planning, environmental review, preliminary engineering, and testing and commissioning. Other key responsibilities include developing the criteria and technical standards that will define high-speed train systems, procurement of system-wide design-build contracts, and supporting the Authority on a range of project development activities, including economic impact analyses, business planning and grants.

ENDS

Analyst/investor enquiries:

Basak Kotler

Balfour Beatty plc

Tel. [phone]

Media enquiries:

Rebecca Salt

Balfour Beatty plc

Tel. [phone]

Notes to Editors:

1.

Balfour Beatty (www.balfourbeatty.com) is an international infrastructure group that delivers world class services essential to the development, creation and care of infrastructure assets; from finance and development, through design and project management to construction and maintenance. Our businesses draw on more than 100 years of experience to deliver the highest levels of quality, safety and technical expertise to our clients principally in the UK, the US, Southeast Asia and the Middle East. We continue to develop our business in key growth markets in South Africa, Australia, Canada, Brazil and India. With proven expertise in delivering infrastructure critical to support communities and society today and in the future, our key market sectors include transportation (roads, rail and aviation), power and energy, mining, water and social infrastructure such as hospitals and schools. Balfour Beatty employs 50,000 people around the world. Parsons Brinckerhoff is a leader in developing and operating infrastructure around the world, with 14,000 employees dedicated to meeting the needs of clients and communities in the Americas, Europe, Africa, the Middle East, Asia and Australia-Pacific regions. The firm offers skills and resources in strategic consulting, planning, engineering, program/construction Management and operations for transportation, power, mining, water/wastewater, and community development projects.  Parsons Brinckerhoff is part of Balfour Beatty, an international infrastructure services business operating in professional services, construction services, support services and infrastructure investments (www.pbworld.com).

 

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