17th Oct 2018 09:08
LONDON (Alliance News) - Balfour Beatty PLC said Wednesday it has been appointed as sole contractor to Scape Group's second-generation civil engineering frameworks, valued at up to GBP2.1 billion in revenue.
The FTSE 250 company, which builds and maintains complex infrastructure, said that the two new frameworks will run for four years from October, with schemes due to be awarded from early 2019. All public sector bodies in the UK are able to enter the frameworks.
The Scape National Civil Engineering framework, valued at GBP1.6 billion, covers England, Wales and Northern Ireland, while a framework valued at GBP500 million covers exclusively Scotland.
Chief Executive Officer Leo Quinn said: "These frameworks enable us to build on our strong partnership with Scape. Our engineering and project management expertise coupled with our detailed regional knowledge supports Scape's delivery of a wide range of rapidly mobilised infrastructure projects."
Balfour Beatty was trading 0.2% higher at 262.50 pence each early Wednesday.
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