Contract Win

RNS Number : 9218W

Balfour Beatty PLC

06 January 2014

 



6 January 2014

BALFOUR BEATTY AWARDED £154 MILLION QUEEN ELIZABETH OLYMPIC PARK STADIUM TRANSFORMATION CONTRACT

Balfour Beatty, the international infrastructure group, today announces that it has been awarded a £154 million contract to carry out the full transformation works to the London 2012 Olympic Stadium for its operator, E20 Stadium LLP, a joint venture between the London Legacy Development Corporation and Newham Council. This new contract encompasses the £41 million Stadium roof contract Balfour Beatty was awarded in the summer.

Balfour Beatty will lead the transformation of the Stadium into an all-round multi-use venue, delivering a lasting sporting, cultural and commercial legacy in East London.

The new venue will host five matches during the Rugby World Cup 2015 and will be the permanent home of West Ham United Football Club from 2016. The venue will also become the new national competition Stadium for athletics in the UK as well as hosting elite international athletics events and other sporting, cultural and community events. A new community athletics track will also be provided next to the main Stadium.

Sustainable construction methods will include features of the existing facility being recycled and incorporated into the new Stadium and the re-use of crushed demolition material, existing balustrades and sanitary ware.

At construction peak the project will employ up to 400 people. Balfour Beatty will work with WorkPlace, Newham Council's employment service, to ensure the employment of local people where possible. Balfour Beatty has also committed to create apprenticeships which will amount to 7% of the total workforce.

Once reconfigured the Stadium's cable net roof, 84 metres wide at its deepest point, will be the largest cantilevered roof in the world covering every Stadium seat, improving acoustics and spectator experience.

Balfour Beatty Chief Executive, Andrew McNaughton said: "We are delighted to be continuing our activity at the Queen Elizabeth Olympic Park supporting the legacy commitment made as part of the London 2012 Olympic and Paralympic Games.

"During construction, our firm commitment to the use of local labour and the creation of apprenticeships will continue to benefit the local community and the wider industry and, upon completion, the Stadium will provide a first-class sporting and cultural facility for many generations to come. Balfour Beatty is proud to be associated with this project."

Works commence on site early in 2014 and are due for completion in the spring of 2016.

ENDS

Analyst/investor enquiries:

Anoop Kang

Balfour Beatty

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[e-mail]

Media enquiries:

Maitland

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Notes to editors:

1.     Balfour Beatty has delivered a significant portfolio of projects for the London 2012 Olympic Games for the Olympic Delivery Authority (ODA), and its legacy for the London Legacy Development Corporation (LLDC):

·     The iconic Aquatics Centre, designed by acclaimed architect Zaha Hadid, a facility containing two 50 metre pools with moveable floors and walls, plus separate diving areas and capacity for 17,500 spectators as well as the legacy conversion of the Aquatics Centre into a facility for the local community, through the removal of the temporary seating stands, and replacement with glazed elevations. leaving permanent seating for 2500

·     The significant mechanical and electrical work for the London 2012 Water Polo Arena

·     The £150 million major roads and bridges packages providing connections across the Olympic park for visitors and participants to the Games including the rail over-bridge, three land bridges, three footbridges and four footbridges

·     The design and construction of new sidings at Orient Way, East London, a key logistics site for the construction of the Olympic Park

·     Outside London, the conversion of the Weymouth and Portland National Sailing Academy ready for Olympic use including the construction of a permanent 150 metre slipway; a race-boat parking area; race-boat lifting facilities; and race-boat moorings, sheltered by a wave protection structure.  

2.    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.

3.     E20 Stadium LLP is the name of the joint venture between the London Legacy Development Corporation and Newham Council.  It is a Limited Liability Partnership that is specifically set up to manage the Stadium. The partnership is made up of the London Legacy Development Corporation and Newham Legacy Investments Ltd (NLI), a subsidiary company wholly owned by Newham Council.

        The partnership has been given a 102 year lease on the Stadium island site by the Legacy Corporation (three years to develop and refurbish and 99 year operation).

 

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