BICC PLC
7 October 1999
BALFOUR BEATTY WINS £250 MILLION OF MAJOR TRANSPORT PROJECTS IN HONG KONG AND
-----------------------------------------------------------------------------
THE USA
-------
Balfour Beatty, the engineering, construction and services group, announces
today that it has won three major overseas transport infrastructure projects.
In Hong Kong, in conjunction with local joint venture partner Zen Pacific
Civil Contractors Limited, it has been awarded the HK$2.2 billion
(approximately £176 million) contract to construct the Nam Cheong station in
Kowloon as part of the new West Rail development for the Kowloon-Canton
Railway Corporation.
In the USA, Balfour Beatty Construction Inc has been selected by the State of
Carolina as the preferred bidder on the $65 million design and build contract
for the highway widening and bridge construction for Route SC 170 in Beaufort
County, South Carolina. It has also secured the $58 million contract for the
reconstruction of US Highway 59 and US Highway 90A where the 59 passes over
the 90A. This follows the award last month of a $67 million contract to widen
US 59. The client in both cases is the Texas Department of Transportation.
Commenting on the awards today, BICC Chief Executive, Mike Welton, said, 'We
are delighted to win these contracts. In Hong Kong, we have the largest
contract on the major current infrastructure development project, reflecting
the strength of our capability in offering specialist major project and design
and construct expertise in a complex rail context.
'The South Carolina and Texas awards add further to our substantial and
growing presence in the specialist civil engineering market in the USA. With
an order book in the USA of over $800 million, much of which is in long-term
contracts, we can look forward to further opportunities arising from the US's
commitment to upgrading its transport infrastructure.'
Enquiries to:-
Tim Sharp
BICC Group
Tel: 0171 629 6622
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.