The Aberdeen Roads Limited joint venture is in advanced discussions with the client regarding a settlement to resolve its claim on the construction of the Aberdeen Western Peripheral Route (AWPR).
A conclusion to these advanced discussions would result in Balfour Beatty receiving around £32 million as part of the settlement with no material change to the Group’s balance sheet position. Any settlement would remain subject to usual consents and approvals of all interested stakeholders.
Balfour Beatty continues to expect profit from operations for the year ended 31 December 2019 to be in line with the Trading Update provided on 12 December 2019.
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Notes to editors:
- Balfour Beatty (balfourbeatty.com) is a leading international infrastructure group. With 26,000 employees, we provide innovative and efficient infrastructure that underpins our daily lives, supports communities and enables economic growth. We finance, develop, build and maintain complex infrastructure such as transportation, power and utility systems, social and commercial buildings.
- Our main geographies are the UK, US and Hong Kong. Over the last 100 years we have created iconic buildings and infrastructure all over the world including the London Olympics’ Aquatic Centre, Hong Kong’s first Zero Carbon building, the National Museum of the Marine Corps in the US and the Channel Tunnel Rail Link.