Balfour Beatty PLC
08 April 2008
8 April 2008
BALFOUR BEATTY WINS CONTRACT TO BUILD LONDON 2012 AQUATICS CENTRE
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The Olympic Delivery Authority (ODA) announced today that Balfour Beatty, the
international engineering, construction, services and investment group, had been
appointed to build the flagship London 2012 Aquatics Centre and the connected
major land-bridge that will be the main gateway to the Olympic Park, with a
combined total budget of £303 million. The budget for the Aquatics Centre is
£242m and the budget for the land-bridge that will also form part of the roof of
the venue is £61m.
Located in the south of the Olympic Park the Aquatics Centre will be the main
'Gateway into the Games', hosting swimming, diving, synchronised swimming, Water
Polo finals and the swimming element of the Modern Pentathlon during the Olympic
Games. For the Paralympic Games it will host the swimming events.
Commenting today Ian Tyler, Balfour Beatty Chief Executive, said:
'We are delighted to have reached agreement to proceed with the construction of
the London 2012 Olympics Aquatic Centre, which will be at the gateway to the
Olympic site and an important legacy for London.
'The project represents a unique challenge which will call on a wide range of
Balfour Beatty's skills in programme and project management, civil engineering,
building, electrical and mechanical and other services.
'We look forward to delivering this iconic facility and to continuing our
long-term work in creating a better London.'
The Aquatics Centre will have a capacity of 17,500 during the Games, reducing to
2,500 in legacy with the ability to increase this for major events, and provide
two 50m swimming pools and a diving pool, facilities that London does not have
at present. Work is on track to start by the Beijing Games and be complete in
2011.
The construction of the Aquatics Centre and the land-bridge will employ a number
of the Balfour Beatty Group's key skills. Balfour Beatty Management, Balfour
Beatty Ground Engineering, Balfour Beatty Civil Engineering, Balfour Beatty
Construction and the group's mechanical and electrical contractor Haden Young
will all be involved in the project.
ENDS
Enquiries to:
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Tim Sharp
Tel: 020 7216 6884
www.balfourbeatty.com
Notes to Editors:
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1) Balfour Beatty's US subsidiary Heery International was responsible for
the project and construction management of the Atlanta Olympic stadium
and for its subsequent conversion into the Atlanta Braves Ball Park.
2) The Group's successful major project expertise and experience includes
the £550 million new hospital in Birmingham, the £800 million new
airport terminal at Chek Lap Kok in Hong Kong and the £175 million
Venetian Hotel and casino complex in Macau.
3) Balfour Beatty subsidiary, Haden Young was responsible for the
mechanical and electrical engineering work at the Commonwealth Stadium
in Manchester.
4) 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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