Re Contract

RNS Number : 0157V

Balfour Beatty PLC

05 January 2012

 



BALFOUR BEATTY SECURES MAJOR EXTENSION TO

NATIONAL GRID FRAMEWORK AGREEMENT 

Balfour Beatty, the international infrastructure group, has secured a five-year extension to its existing contract with National Grid to maintain and upgrade the UK's electricity transmission network in an agreement worth up to £750 million.

The contract, involving design, programme management, construction and technical support for National Grid's electricity network, draws on a wide range of Balfour Beatty resources. It further demonstrates the Group's infrastructure capabilities, particularly in areas where clients face large and complex challenges.

Balfour Beatty and National Grid formed the Electricity Alliance East (EAE) partnership five years ago to secure the long-term stability of much of the UK network. Work involves the ongoing maintenance and refurbishment of overhead transmission lines, as well as designing and delivering National Grid's upgrade plans across the network.

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

 "National Grid is one of our longest held relationships and we are delighted at their decision to extend the long-term partnership with Balfour Beatty.

"This further reinforces a strong, strategic alliance bringing continuing value as well as ongoing certainty to a core element of the UK's infrastructure."

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

 

 

CNTEAXFLEFLAEFF