Re Contract

RNS Number : 8251Q

Balfour Beatty PLC

26 October 2011

 



BALFOUR BEATTY AWARDED CONSTRUCTION CONTRACT FOR

M4/M5 MANAGED MOTORWAY SCHEME

Balfour Beatty, the international infrastructure group, announces today that it has been awarded the £77.6 million M4/M5 managed motorways scheme construction contract, near Bristol, by the Highways Agency who manage, maintain and improve England's motorways and trunk roads.

The scheme, the first managed motorways scheme in the South West of England, will utilise a range of innovative technology, combined with new operating procedures, to actively control and improve traffic flow, cutting congestion, regulating journey times and improving road safety.

Balfour Beatty's scope of work will allow the Highways Agency to introduce variable mandatory speed limits and open up the hard shoulder to traffic during periods of exceptionally heavy traffic at congestion bottle necks on the M4 and the M5.

Commenting on the award today Balfour Beatty Chief Executive, Ian Tyler, said:

"This is an innovative scheme that will assist in bringing greater capacity to our motorway network. We are pleased to continue our long relationship with the Highways Agency, and look forward to helping them deliver positive benefits to road users."

Subject to statutory processes construction work is due to start between January and March 2012 with the completed scheme opening to traffic in 2013-14. 

ENDS

Analyst/investor enquiries:

Basak Kotler

Balfour Beatty plc

Tel [phone]

Media enquiries:

Matt Graydon

Balfour Beatty plc

Tel [phone]

Notes to editors:

1.

Balfour Beatty is a UK leader in road building and widening schemes and a leading road manager and maintainer. We are currently responsible for the A3 Hindhead scheme which recently opened to traffic and the A46 Newark to Widmerpool. We have recently completed the A421 between the M1 and Bedford, and the M74 completion project in Scotland. Balfour Beatty has significant investment interests in six PPP roads schemes. These are the M25 DBFO, the M1/A1 Link in Yorkshire, the A30/A35 in Devon and Dorset, the A50 in Derbyshire and the M77/GSO in Scotland and the Carlisle Northern Development Route. We are also a leading provider of highway maintenance and asset management. We are responsible for the Highways Agency Areas 2, and 4 and for local authority roads in North Yorkshire, North East Lincolnshire, Essex, the North West of Scotland, Royal Windsor & Maidenhead, Warwickshire, Wokingham, Westminster and West Sussex.

2.

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.

 

END

 

 

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