Re Contract

RNS Number : 6548R

Balfour Beatty PLC

08 November 2011

 



BALFOUR BEATTY PREFERRED BIDDER FOR

MAJOR US MILITARY HOUSING SCHEME

Balfour Beatty has been selected to construct and manage 4761 new homes for the American military in a $470 million (£293.4 million) deal announced by the United States Air Force.

The Air Force said Balfour Beatty Communities has been selected as 'Highest Ranked Offeror' (preferred bidder) for a  50-year project to deliver the long-term development and management of housing units at six Air Force bases.

The announcement broadens the geographic presence of Balfour Beatty Communities throughout the US and increases the Group's military housing footprint to 53 military installations in 25 states and Washington DC.

Balfour Beatty Construction US will build the new homes at bases in North Dakota, South Dakota, Idaho and New Mexico by 2018, with the ongoing maintenance of the properties managed by Balfour Beatty Communities.

Balfour Beatty Chief Executive, Ian Tyler, said: "We are delighted to have been selected on such a prestigious project. Balfour Beatty Communities continues to lead in the US PPP military accommodation market with a high quality portfolio of ongoing concessions."

ENDS

Analyst/investor enquiries:

Basak Kotler

Balfour Beatty plc

Tel [phone]

Media enquiries:

Tony Maguire

Balfour Beatty plc

Tel [phone]

Notes to Editors:

1.

Balfour Beatty (www.balfourbeatty.com) is a world-class infrastructure group with capabilities in professional services, construction services, support services and infrastructure investments. We work in partnership with our customers principally in the UK, continental Europe, the US, South-East Asia, Australia and the Middle East, who value the highest levels of quality, safety and technical expertise. Key infrastructure markets include transportation (roads, rail and airports); social infrastructure (education, specialist healthcare, and various types of accommodation); utilities (water, gas and power transmission and generation) and commercial (offices, leisure and retail). The Group delivers services essential to the development, creation and care of these infrastructure assets including project design, financing and management, engineering and construction, and facilities management services. Balfour Beatty employs 50,000 people around the world.

 

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