News

Balfour Beatty wins £240 million of utility contracts

20 January 2005

Balfour Beatty, the international engineering, construction and services group, announces today that is has won £240 million of new utility contracting work in the water and electricity sectors:

Commenting on these awards today, Balfour Beatty Chief Executive, Ian Tyler, said:

“We are pleased to have secured a new five-year alliance contract with Anglian Water, to extend our successful relationship with Yorkshire Water and to win further work from NGT.

“We are confident that Balfour Beatty Utilities will continue to benefit significantly from increased spending patterns under existing and new long-term contracts in the water and gas sectors and to play a key role in improving and extending the National Grid.”

For Anglian Water, BBUL will be responsible for design and construct operations, asset and mains renewals, service connections and the repair of sewerage infrastructure. The contract will run from April 2005 to May 2010 with an optional five-year extension period.

Works for Yorkshire Water include investigation and water mains rehabilitation across its west supply zone and third party works over the whole supply zone. Balfour Beatty's successful relationship with Yorkshire Water began in 1994.

The BBPNL contract for NGT covers the complete refurbishment of the double circuit overhead transmission line between West Burton and Walpole and includes the replacement of complete insulation sets, conductors and earthwire systems over a two-year time frame. Work is due to commence on site in March 2005.

ENDS

Enquiries to:

Tim Sharp
Tel: 020 7216 6884

www.balfourbeatty.com


Notes to Editors

  1. 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 and other long-term growth opportunities.
  2. Balfour Beatty Utilities provides a complete asset maintenance and replacement service for the gas, clean water and waste water sectors, including investing in design, construction and commissioning. The company was formed in late 2002 by the integration of John Kennedy and Kentons, established utilities contractors acquired by Balfour Beatty in 2001 and 2002 respectively.
  3. Balfour Beatty Power Networks is the UK's leading specialist in designing, constructing and refurbishing power transmission and distribution networks for the power supply industry and industrial customers.

Back to news index