REG - Balfour Beatty PLC - BALFOUR BEATTY SECURES $746M (£575M) US CONTRACT

Balfour BeattyAnnouncement

05/11/2024 07:00

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RNS Number : 8712K  Balfour Beatty PLC  05 November 2024

News Release

 

 

BALFOUR BEATTY SECURES $746 MILLION (£575 MILLION) TEXAS INTERSTATE CONTRACT

Balfour Beatty, the international infrastructure group, today announces that
it has been awarded a $746 million (£575 million) contract by the Texas
Department of Transportation to rebuild part of the Interstate 35 (I-35)
through Austin in Texas.

 

Leo Quinn, Balfour Beatty Group Chief Executive, said: "This latest contract
award demonstrates our leading civil engineering capabilities and is testament
to our 30-year history of delivering projects for the Texas Department of
Transportation. Our selective bidding approach ensures that we leverage our
strengths to work with long-term customers in the geographies in which we have
proven expertise, strong teams and trusted supply chain partners."

Balfour Beatty will reconstruct a four-kilometre section of the route on the
south side of downtown Austin which on completion will provide eight general
purpose lanes, a major new intersection and multiple upgraded access roads.

 

A new bridge will also be built across the 416-acre Lady Bird Lake located on
the Colorado River, replacing the existing bridge which was built in 1956. Due
to the expansive area and water-based nature of the works, the bridge will be
constructed from a barge, requiring complex engineering and marine expertise.
Additionally, the project features a bridge and innovative intersection at
Riverside Drive to support the future light rail line which will expand and
improve the public transport network in the Central Texas Region.

 

The project forms part of the Texas Department of Transportation's I-35
Capital Express Central project to significantly improve connectivity and
enhance capacity for the 200,000 drivers who use this segment of the
interstate daily.

 

Main construction will commence in the first half of 2025 with completion
expected in 2033. At peak construction, Balfour Beatty will directly employ
over 150 people.

 

ENDS

Analyst/investor enquiries:

Jim Ryan
 Tel. +44 (0)785 836 8527

jim.ryan@balfourbeatty.com (mailto:jim.ryan@balfourbeatty.com)

 

Media enquiries:

Antonia Walton

+44 (0)203 810 2345

antonia.walton@balfourbeatty.com (mailto:antonia.walton@balfourbeatty.com)

 

Notes to editors:

·    Balfour Beatty (https://www.balfourbeatty.com/) is a leading
international infrastructure group with over 26,000 employees driving the
delivery of powerful new solutions, shaping thinking, creating skylines and
inspiring a new generation of talent to be the change-makers of tomorrow.

·    We finance, develop, build, maintain and operate the increasingly
complex and critical infrastructure that supports national economies and
deliver projects at the heart of local communities.

·    Over the last 115 years we have created iconic buildings and
infrastructure all over the world. Currently, we are working to deliver
Hinkley Point C, the first UK nuclear power station in a generation;
constructing the world-class arts and cultural facility, the Lyric Theatre, in
Hong Kong; and designing, building, financing, operating and maintaining the
Automated People Mover superstructure at one of the busiest airports in the
world, Los Angeles International Airport.

 

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