News Releases
Balfour Beatty Secures $1.4 Billion Texas Toll Road Contract
03 Jul 2002Balfour Beatty plc, the international engineering, construction and services group, announces today that Lone Star Infrastructure, a consortium comprising Balfour Beatty Construction Inc, the group’s US civil and specialist engineering company, Fluor Corporation and T J Lambrecht Construction, has been awarded $1.4 billion contract for the design, construction and maintenance of State Highway 130, a new 90-mile toll road, by the Texas Department of Transportation (TxDOT). This follows the consortium’s selection as best value bidder in April of this year.
Commenting on the contract award, Mike Welton, Chief Executive of Balfour Beatty plc, said: “This is the largest single highway project in Texas and, together with major recent contract awards in rail and construction, demonstrates the strength of our position in US infrastructure markets. It is a further important step in our objective of increasing our presence in the USA”.
Once completed, SH 130 will cover 90 miles from the I-35 north of Georgetown to the I-10 near Seguin. Construction is due to begin in early 2003. The road will be opened for use by the public in phases.
Balfour Beatty Construction Inc has carried out eight of the 12 contracts let by the North Texas Turnpike Authority for the new Dallas area outer ring road system. In total, the business has carried out $500 million of road and interchange building in Texas since 1994 and has a current order book of over $180 million in the state.
Bill Miller, Senior Vice President, Balfour Beatty Construction Inc, who has led the Balfour Beatty bid, said: “We have an excellent long-term working relationship with the Texas Department of Transportation and are delighted to be able to extend our expertise to this latest contract.”
Balfour Beatty has businesses in the US with an aggregate turnover of approaching $1 billion. It recently announced the award of some $300 million of new rail contracts in Boston and San Diego.
Balfour Beatty is a leading international engineering, construction and services group. Its aim is to create shareholder value by providing engineering, construction and service skills to customers for whom infrastructure quality, efficiency and reliability are critical. The company serves the international markets for rail, road, power and other utility systems, buildings and complex structures.
ENDS
Enquiries to:
Tim Sharp
+44 (0)20 7216 6884
www.balfourbeatty.com
