GBP335 MILLION DANISH RAIL SIGNALLING CONTRACT

RNS Number : 4638W

Balfour Beatty PLC

31 January 2012

 



THALES-BALFOUR BEATTY CONSORTIUM AWARDED £335 MILLION

DANISH RAIL SIGNALLING CONTRACT

Balfour Beatty, the international infrastructure group, announces today that in consortium with Thales, it has been awarded a £335m contract by the railway operator and developer in Denmark, Banedanmark, to transform much of the country's rail signalling system.

Balfour Beatty Rail and Thales will form a collaborative and integrated team to deliver this exciting project covering approximately 60% of Denmark's railway network. Balfour Beatty's part in the contract, which is valued at £90m, involves an integrated approach to the project by its Rail division in signalling installation, complemented by programme management services from Parsons Brinckerhoff.

Following the European Union rail network directive, which requires operators to upgrade train protection systems, Banedanmark has opted to replace its existing signalling system with a new, technologically advanced system aimed at improving efficiency, safety and punctuality.      

Commenting on the award, Balfour Beatty Chief Executive, Ian Tyler, said:

"This award represents further evidence of both the geographic reach and technical capability of the teams in our Rail and Professional Services divisions, the combined skills of which were critical in securing this award. Working in partnership with our colleagues at Thales, we look forward to helping create a new benchmark for rail signalling performance on behalf of this valued client."

ENDS

Analyst/investor enquiries:

Basak Kotler

Balfour Beatty plc

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Media enquiries:

Matt Graydon

Balfour Beatty plc

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Notes to Editors:

1.

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.

2.

Thales (www.thalesgroup.com) is a global technology leader for the Transport, Aerospace & Space, Defence & Security markets.  In 2010, the company generated revenues of €13.1 billion with 68,000 employees in 50 countries. With 22,500 engineers and researchers, Thales has a unique capability to design, develop and deploy equipment, systems and services that meet the most complex security requirements. Thales has an exceptional international footprint, with operations around the world working with customers as local partners.

 

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