Re Contract

RNS Number : 2755M

Balfour Beatty PLC

27 January 2009

 



27 January 2009

BAA SELECTS BALFOUR BEATTY AS CONSTRUCTION PARTNER 

FOR MAJOR PROGRAMME AT HEATHROW

Balfour Beatty, the international engineering, construction, services and investment Group, announces today that it has been selected by BAA to provide both pre-construction advice and construction services for a major part of the works associated with the Eastern Campus Development Programme at Heathrow Airport.

The works will realign the taxiways and provide new aircraft stands in the areas to the east of Terminals 1 and 2 to include the Heathrow East Satellite Project and part of the complex underground connectivity scheme to link the new satellite to the other terminals.  The total value of the works could be in the order of circa £750 million.  

Balfour Beatty is currently working on the design, management and construction of the first phase of the Heathrow East Satellite Project, which is scheduled for completion in late 2009 to enable the aircraft stands to be operational in early 2010.

Balfour Beatty has signed a 10-year framework agreement with BAA to assist in delivering its £6.6bn capital programme.  This framework covers both complex projects, such as the Heathrow East Satellite Project, and smaller commodity projects, including alterations, refurbishment and building work at Heathrow, Gatwick, Stansted, Southampton, Aberdeen, Glasgow and Edinburgh. 

Balfour Beatty Chief Executive, Ian Tyler, said:

'We are delighted to be continuing our support to BAA on the Eastern Campus Development Programme at Heathrow.  Our track record in delivering capital projects for BAA, including the rail systems element of Terminal 5, along with the strong business relationship forged between us, have been instrumental in completing this important agreement.'

Balfour Beatty has worked closely with BAA over many years on a number of its key developments including the ongoing civil maintenance framework contracts at Glasgow, Edinburgh and Aberdeen airports.

ENDS

Analyst/media enquiries:

Duncan Murray

Tel: [phone]

www.balfourbeatty.com

Notes to Editors:

Balfour Beatty is a world-class engineering, construction, services and investment business, well-positioned in infrastructure markets which offer significant long-term growth. We work in partnership with sophisticated customers who value the highest levels of quality, safety and technical expertise. Our skills are applied in appropriate combinations to meet individual customer need. Balfour Beatty's financial position, with significant net cash and with strong operating cash flows, offers continuing flexibility to add additional capacity and expertise to the business mix and to make appropriate investments in PPP and other long-term growth opportunities.

 

END

 

 

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