JV Enters Australian Water Renewals Sector

RNS Number : 0634J

Balfour Beatty PLC

11 July 2013

 



11 July 2013

Balfour Beatty JV enters Australian water renewals sector  

International infrastructure group Balfour Beatty announces today that Balfour Beatty Leed joint venture (JV) has been awarded a place on a major water networks framework by Australia's largest water utility provider, Sydney Water.

This marks Balfour Beatty's entry into the water renewals sector in Australia and means that the Balfour Beatty Leed JV is now in line to bid for work packages worth approximately AUS$150 million (£91 million) in total over the next five years.

The Balfour Beatty Leed JV has been created to serve Sydney Water's specific network delivery needs and will concentrate on slip lining and pipe bursting services, using a number of techniques Balfour Beatty already employs extensively in the United Kingdom.

Balfour Beatty Chief Executive Andrew McNaughton said: "This appointment signals our commitment to the water sector in Australia.  It builds on our professional services in water and provides a further example of the successful transfer of specialist infrastructure knowledge around the globe to deliver exceptional value for our clients."

Balfour Beatty Country Manager for Australia-New Zealand Guy Templeton added: "Local market knowledge, the strong connection with Leed via our professional services arm, Parsons Brinckerhoff, and our international water expertise has proven to be a winning combination for our client."

Balfour Beatty has joint ventured with Leed Engineering based on Leed's local presence in the water sector, their existing strong relationship with Parsons Brinckerhoff and an excellent capability fit based on the work to be undertaken.

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Notes to editors:

Balfour Beatty

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 partners many of the UK's leading water companies, working across the lifecycle of water networks, from feasibility and design to construction and ongoing maintenance. Using in-depth asset knowledge and technical expertise, we help clients to ensure a sustainable water supply to millions of customers.

Balfour Beatty employs 50,000 people around the world.

 

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