18th Jun 2014 06:47
LONDON (Alliance News) - Balfour Beatty PLC Wednesday said it has been awarded a USD156.0 million design-and-build contract to construct a new headquarters for the National Science Foundation in the US state of Virginia, which the construction contractor says is evidence of a recovering market in the US.
In a statement, Balfour Beatty said the office and retail building has been commissioned by Lowes Enterprises Real Estate Group on behalf of the foundation. It will consist of two adjoined towers of 14 and 19 storeys and will include ground-floor retail space with three levels of below-ground parking. Construction is scheduled to complete in 2017.
Balfour Beatty has a good pipeline of work and opportunities in the US, according to Executive Chairman Steve Marshall.
"Last year we streamlined the US construction business and established a national capability centre to share best practice to help us maximise opportunities such as this," Marshall said.
The National Science Foundation is an independent federal agency created by the US Congress in 1950 to promote the progress of science. It funds scientific, mathematical and computer science research conducted by colleges and universities across the US.
Balfour Beatty's latest contract win follows news on Tuesday that its joint venture has been named "selected bidder" for two new acute care hospitals in Vancouver, British Columbia, continuing its move into the Canadian healthcare market.
The 30-year public-private partnership on behalf of the Vancouver Island Health Authority will cover the financing, design, construction, and facilities management for the Campbell River Hospital and Comox Valley Hospital.
It is investing CAD17.2 million into the project, representing half of the equity required. Its joint venture partner Graham Group Ltd will undertake the construction, and Balfour Beatty will be responsible for the delivery of soft facilities management services.
By Samuel Agini; [email protected]; @samuelagini
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