JV awarded GBP414m gas networks contract

RNS Number : 1772U

Balfour Beatty PLC

19 December 2011

 



BALFOUR BEATTY JV AWARDED GBP414 MILLION

GAS NETWORKS CONTRACT

Balfour Beatty the international infrastructure group has been awarded, in a joint venture with CLG Developments Ltd (CLG), a £414 million contract by Bord Gais Networks in the Republic of Ireland.

The nine-year contract is for the installation and maintenance of vital gas transmission and distribution networks across Ireland, including the delivery of new construction, emergency response and planned maintenance services. Work will commence early in the New Year.

Ian Tyler, Balfour Beatty Chief Executive, commented:

"The Bord Gais award represents a significant development for our international utilities business.  We are delighted to make this commitment to the Irish market and to continue to build upon our strategy to develop our international capability in the power sector.

"CLG has a proven track record of creating essential utility infrastructure in Ireland and we look forward to working with them to deliver gas networks for the people of this country."

ENDS

Analyst/investor enquiries:

Basak Kotler

Balfour Beatty plc

Tel [phone]

Media enquiries:

Matt Graydon

Balfour Beatty plc

Tel [phone]

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.

 

END

 

 

CNTGGGRAPUPGGAQ