Balfour Beatty, the international infrastructure group, has won a ten-year deal to run services and facilities for the future Queen Elizabeth Olympic Park in East London.
Under the terms of the contract, announced today by the Olympic Park Legacy Company, Balfour Beatty will have overall responsibility for a range of services including estates and facilities management as well as operating the ArcelorMittal Orbit, the stunning new visitor attraction forming a centrepiece of what is earmarked as a great new park for London.
More than 200 new jobs are to be created through the deal with most of these filled by people from the local community, where Balfour Beatty’s training and support schemes will secure new long-term career opportunities in East London.
The contract value is £50 million over the next ten years, although further scope extensions under discussion between Balfour Beatty WorkPlace and the Olympic Park Legacy Company may see the long-term value of the wider Olympic Park work grow significantly beyond the initial operational phase. The first phase starts with the opening of this summer’s Olympic Games.
Balfour Beatty Chief Executive, Ian Tyler, said:
“We are delighted to further extend our involvement with the London Olympics, which includes construction and delivery of the Aquatics Centre and now encompasses this prestigious role in ensuring London 2012 secures a magnificent, enduring legacy.”
Analyst/investor enquiries:
Basak Kotler
Balfour Beatty plc
Tel 020 7216 6924
Media enquiries:
Tony Maguire
Balfour Beatty plc
Tel 020 7216 6865
Notes to Editors:
1.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.
