Re Contract

RNS Number : 2257G

Balfour Beatty PLC

10 May 2011

 



BALFOUR BEATTY WINS  £200 MILLION  IN LOCAL AUTHORITY CONTRACTS

Balfour Beatty, the international infrastructure group, has recently been awarded two support services contracts, totalling around £200 million. These contracts add significant volume to the Support Services order book and are notable in highlighting the changes in local authority requirements, with a marked shift towards larger, multi-activity contracts and bundling together of contracts from more than one local authority.

The Warwickshire and Coventry highways term maintenance contract involves full maintenance of the region's highways and bridges together with street lighting.  The five-year contract, beginning in May 2011, is worth £100 million, with a possible four-year extension conditional to meeting performance targets.

The 25-year Cambridgeshire County Council street lighting PPP project we announced on 6 May 2011 has a significant element of support services. The maintenance contract, worth around £100 million, is innovative in the way it places emphasis on energy reduction by using the latest technologies.

Kevin Craven, CEO of Balfour Beatty Support Services, commented:

"We are developing our business to serve the Local Authority market more effectively. Balfour Beatty is well-placed in respect of the changing nature of local authority contracts which favour companies that can offer a broad range of capabilities, thereby providing savings as well as improved services for local government."

ENDS

Analyst/Investor Enquiries:

Basak Kotler

Balfour Beatty plc

Tel [phone]

Media Enquiries:

Duncan Murray

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 infrastructure assets including project design, financing and management, engineering and construction, and facilities management services. Balfour Beatty employs 50,000 people around the world.

 

END

 

 

CNTEALSNEDDFEFF