Preferred Bidder

Balfour Beatty PLC 19 September 2001 METRONET APPOINTED PREFERRED BIDDER BY LONDON UNDERGROUND FOR SUB-SURFACE LINES Balfour Beatty, the international engineering, construction and services group, announces today that Metronet, the consortium in which it has a 20% shareholding, has been appointed as preferred bidder for the sub-surface lines Infraco by London Underground under a Public Private Partnership contract. Metronet is made up of equal partners, Balfour Beatty plc, WS Atkins plc, Bombardier Transportation (formerly Adtranz), SEEBOARD plc and Thames Water plc. Metronet is already preferred bidder for the Bakerloo, Central and Victoria lines concession. Under the PPP, Metronet will enter into an Infraco Service Contract with London Underground for the provision of Infrastructure Services. Metronet's primary responsibility will be the maintenance and, where appropriate, enhancement and renewal of the infrastructure that London Underground uses to deliver its passenger services, including rolling stock, track, signalling, stations and other civil structures such as tunnels and bridges. Speaking today, Balfour Beatty Chief Executive, Mike Welton, said: 'I am delighted that the Metronet consortium has been given this opportunity to play a key role in two of the concessions designed to bring much needed improvement to the infrastructure of the London Underground. We look forward to helping London Underground to create a world-class, safe and reliable system.' Balfour Beatty has a portfolio of 11 privately funded infrastructure projects, including three hospitals, three road schemes, a schools concession, a water project and three power schemes. It is a shareholder in the concession company which is already running and modernising the power system for the whole of the London Underground network. Enquiries to: Tim Sharp Tel: 020 7216 6884
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