"Balfour Beatty Infrastructure ... in combination with Balfour Beatty Capital, is very well placed to play a major part in the future."
May 22, 2008
LONDON - British construction and engineering group Balfour Beatty (BALF.L: Quote, Profile, Research) has been awarded a $330 million road building contract in Texas, in joint venture with U.S. engineering firm Fluor Corp (FLR.N: Quote, Profile, Research).
The design and build contract for the 281 North Toll highway project, awarded by the Alamo Regional Mobility Authority, involves the construction of 7.9 miles of non-toll lanes and a total of six new toll lanes near San Antonio.
"There is a very substantial forward road building programme in Texas using a range of financing techniques, and Balfour Beatty Infrastructure, where appropriate in combination with Balfour Beatty Capital, is very well placed to play a major part in the future," Balfour Beatty Chief Executive Ian Tyler said in a statement on Thursday.
The group, which has already worked with Fluor to deliver the $1.1 billion State Highway 130 project near Austin, said it has won $460 million in other road infrastructure projects in Texas over the last four years. (Reporting by Marc Roca, editing by Will Waterman)
©2008 Reuters www.reuters.com
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