Balfour Beatty, the international infrastructure group, announces today that Balfour Beatty Rail has won a five-year contract to carry out track renewal work in partnership with London Underground.
The total value of the work to be delivered by the partnership is £220 million, of which around half will be Balfour Beatty's share.
The works will include the replacement of ballasted track, points and crossings, including all ancillary signalling and drainage works on the Tube network.
Ian Tyler, Chief Executive, Balfour Beatty, said:
"We are delighted to be continuing our relationship with London Underground. We are very pleased to be part of such a crucial project, working in partnership with London Underground to deliver a world-class transport system for London."
Works are expected to start in spring 2011. There is an option to extend the contract for a further two years after the initial five-year period.
ENDS
Analyst/investor enquiries:
Basak Kotler
Balfour Beatty plc
Tel 020 7216 6924
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Balfour Beatty plc
Tel 020 7216 6865
Notes to Editors:
- Balfour Beatty Rail provides word-class rail infrastructure services in over 20 countries.
It delivers systems and services across the whole lifecycle of rail assets, from planning through design and implementation to maintenance and asset management. - Balfour Beatty (www.balfourbeatty.com) is a world-class infrastructure group with capabilities in professional services, construction services, support services and infrastructure investments.
We work in partnership with our customers principally in the UK, continental Europe, the US, South-East Asia, Australia and the Middle East, who value the highest levels of quality, safety and technical expertise.
Key infrastructure markets include transportation (roads, rail and airports); social infrastructure (education, specialist healthcare, and various types of accommodation); utilities (water, gas and power transmission and generation) and commercial (offices, leisure and retail).
The Group delivers services essential to the development, creation and care of these infrastructure assets including project design, financing and management, engineering and construction, and facilities management services.
Balfour Beatty employs 50,000 people around the world.
