Balfour Beatty PLC
06 March 2008
6 March 2008
BALFOUR BEATTY SECURES £445 MILLION M74 COMPLETION CONTRACT IN SCOTLAND
IN JOINT VENTURE
Balfour Beatty, the international engineering, construction, services and
investment group, announces today that it has been awarded a contract, as part
of the Interlink M74 Joint Venture, by Glasgow City Council to complete the M74
motorway in Scotland.
Balfour Beatty Civil Engineering, together with its equal joint venture partners
Morgan Est, Morrison Construction and Sir Robert McAlpine, will be responsible
for a contract worth £445 million to design and construct an 8km extension to
the M74. This extension will significantly reduce congestion on the busiest
stretch of the M8 through Glasgow.
Commenting on the award today, Balfour Beatty Chief Executive, Ian Tyler, said:
'We are delighted to be awarded this very significant civil engineering project
to complete a vital part of the West of Scotland's motorway network. Balfour
Beatty has a strong presence in Scotland and this award gives us an ideal
opportunity to demonstrate further our well-established technical skills and
strengthen our existing relationships with Transport Scotland as well as Glasgow
City, South Lanarkshire and Renfrewshire councils. We look forward to working
closely with our joint venture partners to deliver successfully this
eagerly-awaited scheme.'
Interlink M74 Joint Venture will now commence the detailed design in readiness
for the commencement of construction work on site in May 2008. When complete at
the end of 2011, the extension will link the M74 from where it currently ends,
at Fullarton Road Junction near Carmyle, to the M8 just west of the Kingston
Bridge.
ENDS
Enquiries to:
Tim Sharp
Tel: 020 7216 6884
www.balfourbeatty.com
Notes to Editors
----------------
1. Balfour Beatty Civil Engineering is the UK's leading civil engineering
company. Its regional business has been responsible for the M77/Glasgow
Southern Orbital DBFO project and many other key motorway and trunk road
contracts in Scotland. It is currently working on many other projects
throughout the UK including the upgrade of the A1 between Bramham and
Wetherby in Yorkshire, the infrastructure for East Midlands Parkway, a new
park and ride train station to serve East Midlands Airport, the
infrastructure for Phase 1 of the Ravenscraig Redevelopment in North
Lanarkshire as well as the Forth Bridge restoration contract.
Its major projects division is also currently working on major projects for
the A3 bottleneck alleviation at Hindhead and the Devil's Punchbowl, the
widening of the M1 between Junctions 6a and 10 and the new Northern Ticket
Hall as part of the development of King's Cross Underground Station.
2. Balfour Beatty is a world-class engineering, construction, services and
investment business, well-positioned in infrastructure markets which offer
significant long-term growth. We work in partnership with sophisticated
customers who value the highest levels of quality, safety and technical
expertise. Our skills are applied in appropriate combinations to meet
individual customer need. Balfour Beatty's financial position, with
significant net cash and with strong operating cash flows, offers continuing
flexibility to add additional capacity and expertise to the business mix and
to make appropriate investments in PPP and other long-term growth
opportunities.
This information is provided by RNS
The company news service from the London Stock Exchange
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