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Balfour Beatty consortium appointed provisional preferred bidder for M25 PPP contract

Balfour Beatty, the international engineering, construction, services and investment group, announces today that Connect Plus, a consortium comprising Balfour Beatty (40%), Skanska (40%), Atkins (10%) and Egis Projects SA (10%), has been appointed provisional preferred bidder for the PPP contract to provide additional capacity and maintain the M25. The award of the contract is expected later this year.

The programme will focus on adding capacity to 63 miles of the M25 and will help deliver substantial improvements to one of the UK’s busiest and most important roads.

Commenting today, Balfour Beatty Chief Executive, Ian Tyler, said:

“We are delighted that Connect Plus has been appointed preferred bidder for this important development project for England’s motorway network. Our team has all the experience and technical skills to deliver the work on time, on budget and to specification and we look forward to successfully completing the next stage of the tender.”

ENDS

Enquiries to:
Tim Sharp
Tel: 020 7216 6884
www.balfourbeatty.com

Notes to Editors

1. Balfour Beatty is a UK leader in road building and widening schemes and a leading road manager and maintainer.

   Balfour Beatty was responsible for the construction of several sectors of the original M25 and completed the widening of junctions 12-15 adjacent to Heathrow Airport on time and on budget in December 2005.

   Balfour Beatty has significant investment interests in four PFI road schemes. These are the M1/A1 Link in Yorkshire, the A30/A35 in Devon and Dorset, the A50 in Derbyshire and the M77/GSO in Scotland. It is also preferred bidder for the Carlisle Northern Distributor Road project.

   It is also a leading provider of highway maintenance and asset management. It is responsible for the Highways Agency Areas 2, 3 and 4 and for local authority roads in North Yorkshire, Essex, the North West of Scotland, Royal Windsor & Maidenhead, Wokingham and Westminster.

2. Balfour Beatty has a substantial existing investment portfolio, largely through the UK PPP/PFI programme. This portfolio consists of:-
   - nine major hospitals
   - seven major schools schemes in the UK and a technical education centre in Singapore
   - five road and three street lighting projects
   - the London Underground power system
   - a waste water scheme
   - a coastal defence pathfinder PPP
   - Barking Power Station (non-PPP)
   - Exeter International Airport (non-PPP)
   - Blackpool Airport (non-PPP).
   
3. Balfour Beatty is a world-class engineering, construction, services and investment business, well-positioned in infrastructure markets which offer significant long-term growth. We work in partnership with sophisticated customers who value the highest levels of quality, safety and technical expertise. Our skills are applied in appropriate combinations to meet individual customer need.