Balfour Beatty PLC Contract Win (3772Q)

TIDMBBY

RNS Number : 3772Q

Balfour Beatty PLC

14 October 2013

14 October 2013

BALFOUR BEATTY AWARDED GBP77 MILLION WILMINGTON BYPASS PROJECT IN THE US

Balfour Beatty, the international infrastructure group, has announced today that its Infrastructure business, part of Balfour Beatty Construction Group in the US has been awarded the I-140 Wilmington Bypass project. This GBP77 million (US $124 million) project includes a 7,185-foot-long bridge over the Cape Fear River in North Carolina.

On behalf of the North Carolina Department of Transportation, Balfour Beatty will construct around 1.5 miles of a four-lane road in the southeast counties of Brunswick and New Hanover. Included in the construction are ten bridges, six of which are twin bridges. The bridge over the Cape Fear River will span a delicate wetlands area, requiring careful ecological management. The team will access the bridge construction via a temporary work trestle. This will mitigate temporary wetland impacts while providing safe access for the workers.

"The Wilmington Bypass represents further evidence of the improving outlook for our US business," said Andrew McNaughton, CEO, Balfour Beatty. "This project win perfectly fits our skill set in the US where we have broad experience with these types of jobs and an outstanding record working on projects that require exceptional environmental stewardship and sustainable practices."

When the project is completed, the bypass is expected to positively impact traffic flow and local economies. Traffic volumes are expected to more than double in the next 20 years (from 39,600 vehicles per day to 80,800 in 2035). The project has broad support from the community and is seen as a vital part of reducing the commute from Brunswick County into the City of Wilmington, as well as reducing overall congestion in the Wilmington area. The 54-month project is scheduled to begin in October 2013 and finish in April 2018 and is part of the Wilmington Bypass, identified in the early 1990s as a critical infrastructure need for south eastern North Carolina.

ENDS

Analyst/investor enquiries:

Basak Kotler

Balfour Beatty plc

Tel. [phone]

Media enquiries:

Maitland

Tel. [phone]

[e-mail]

Notes to editors:

 
 1.   Balfour Beatty (www.balfourbeatty.com) is an international 
       infrastructure group that delivers world class services 
       essential to the development, creation and care of infrastructure 
       assets; from finance and development, through design 
       and project management to construction and maintenance. 
       Our businesses draw on more than 100 years of experience 
       to deliver the highest levels of quality, safety and 
       technical expertise to our clients principally in the 
       UK, the US, Southeast Asia and the Middle East. We continue 
       to develop our business in key growth markets in South 
       Africa, Australia, Canada, Brazil and India. 
       With proven expertise in delivering infrastructure critical 
       to support communities and society today and in the future, 
       our key market sectors include transportation (roads, 
       rail and aviation), power and energy, mining, water and 
       social infrastructure such as hospitals and schools. 
       Balfour Beatty employs 50,000 people around the world. 
 2.   Balfour Beatty Infrastructure, Inc. delivers industry-leading 
       civil engineering and construction expertise for transportation 
       and water infrastructure projects throughout the United 
       States. With approximately 1,000 employees in major operations 
       in California, the Carolinas, Georgia, Florida, the Mid-Atlantic 
       and Texas, Balfour Beatty Infrastructure boasts annual 
       revenues of approximately $450 million. An award-winning 
       contractor, Balfour Beatty's U.S. construction companies 
       were ranked by Engineering News Record as ninth among 
       the Top 400 Contractors, and 13th among the Top 50 Domestic 
       Heavy Contractors. Balfour Beatty Infrastructure is part 
       of Balfour Beatty plc, a global engineering, construction, 
       services and investment business organization specializing 
       in large infrastructure and building programs 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

CNTMJBJTMBTBBMJ