Contract Win

RNS Number : 5200S

Balfour Beatty PLC

08 November 2013

 



8 November 2013

BALFOUR BEATTY JV GAMMON WINS £148M RAIL CONTRACTS IN SINGAPORE

Balfour Beatty, the international infrastructure group, announces that Gammon Construction, a leading South East Asian construction company that is 50% owned by Balfour Beatty, has won two significant rail contracts in Singapore.  Land Transport Authority has awarded an £87 million (S$174 million) contract for the design and construction of the Mayflower Station on The Thomson Line and SMRT Trains has awarded a £61 million (S$122 million) contract for track system replacement on the North-South Line.

The Thomson Line is a 30km underground train line that is expected to be fully completed in 2021 and is operated by the Land Transport Authority. Fully underground, the Thomson Line comprises 22 stations, including Mayflower Station and six interchange stations.  When completed it will be the sixth Mass Rapid Transit (MRT) Line and run parallel to the existing North-South Line. Work is due to start in the first quarter of 2014 and is scheduled to be completed by 2020.  

The second contract for SMRT Trains involves the changing of sleepers from timber to concrete as part of the renewal and upgrade of the existing North-South Line and is being delivered collaboratively with the UK rail team.  Work on this contract is due to start in the fourth quarter of 2013 and is expected to complete by the end of January 2015.

Commenting on the contracts, Andrew McNaughton, Chief Executive Balfour Beatty said:

"We are excited to have been awarded these prestigious contracts and to be taking part in enhancing Singapore's strategic MRT system expansion.

"Rail is a key focus for the Group. We have great expertise in designing, supplying, constructing, maintaining and managing rail infrastructure. The key to our success is our collaborative approach and the sharing of the knowledge and technology across our business reduces the risk for our clients."

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Contacts:

Analyst/investor enquiries:

Basak Kotler

Balfour Beatty plc

Tel. [phone]

Media enquiries:

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Notes to Editors:

Balfour Beatty (www.balfourbeatty.com) is an international infrastructure group that delivers world class services essential to the development, creation and care of infrastructure assets; from finance and development, through design and project management to construction and maintenance.

Our businesses draw on more than 100 years of experience to deliver the highest levels of quality, safety and technical expertise to our clients principally in the UK, the US, Southeast Asia and the Middle East. We continue to develop our business in key growth markets in South Africa, Australia, Canada, Brazil and India.

With proven expertise in delivering infrastructure critical to support communities and society today and in the future, our key market sectors include transportation (roads, rail and aviation), power and energy, mining, water and social infrastructure such as hospitals and schools.

Balfour Beatty employs 50,000 people around the world.

 

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