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Balfour Beatty wins major new framework contracts to a potential value of over £150 million

Balfour Beatty, the international engineering, construction and services group, announces today that it has been awarded contracts to a total potential value of over £150 million by two major customers in the local authorities sector.

Balfour Beatty Construction has been selected by Manchester City Council as one of two construction partners in its Education Framework 2 initiative, a 3-5 year partnering framework aimed at delivering a substantial part of the Council’s £160 million “Building Schools for the Future” programme. The work will involve the substantial redevelopment of the City of Manchester secondary school stock and will commence before the end of this year.

Balfour Beatty Civil Engineering has been appointed by Cambridgeshire County Council as one of two contractors to deliver a wide variety of highways bridges and transport schemes over the next 10 years. The total programme of works is estimated at about £150 million with the initial contracts let for five years with a five-year extension option. Work will commence on site before the end of the year.

The Cambridgeshire award was based on a joint financial and quality evaluation involving eight bidding contractors in total.

Commenting today, Balfour Beatty Chief Executive, Mike Welton, said: “A large and increasing proportion of Balfour Beatty’s work is in long-term partnerships with customers with whom we collaborate closely in creating superior infrastructure. We are delighted to have established these strong new relationships and look forward to delivering the improvements they require.”

Enquiries to:

Tim Sharp
Tel: 020 7216 6884

www.balfourbeatty.com

Notes to Editors

1. The Manchester award reflects Manchester City Council’s high rating of Balfour Beatty Construction’s track record and experience in designing and delivering PFI schools programmes in Stoke, Rotherham, Derbyshire and Yorkshire.
2. Balfour Beatty is a world-class engineering, construction and services group, well positioned in infrastructure markets which offer significant growth potential. Its partnerships with public and private customers generate secure, long-term income. Its financial position, with significant net cash and with strong operating cash flows, offers continuing flexibility to add additional capacity and expertise to the business mix and to make appropriate investments in PPP/PFI and other long-term growth opportunities.