12th Jun 2006 07:01
Balfour Beatty PLC12 June 2006 12 June 2006 BALFOUR BEATTY WINS ROAD AND RAIL CONTRACTS WORTH APPROXIMATELY £160 MILLION ============================================================================ Balfour Beatty, the international engineering construction and services groupannounces today that it has been awarded road and rail contracts worthapproximately £160 million. In the US, Balfour Beatty Construction Inc, the group's civil engineeringsubsidiary, has been awarded a $193 million contract by the CaliforniaDepartment of Transportation (Caltrans) to upgrade Interstate Highway I-5 inOrange County, California. The project, which will be carried out in jointventure, involves the improvement of two miles of highway and six bridges in theBuena Park area. In China, Balfour Beatty Rail Power Systems, the group's Munich based railelectrification and power supply business, has been awarded a €78 millionproject to electrify 619 kilometres of double track railway between Tianjin andShenyang in Liaoning Province. In addition to a new overhead catenary system theproject involves 11 new traction substations and electronic interlocking andother signal equipment installation. Work on both projects starts immediately. Balfour Beatty Construction Inc has a strong long-term position in theCalifornian transportation market. It has a successful track record of workingwith Caltrans including the creation and maintenance of the Alameida railcorridor link to Los Angeles Port and the seismic retrofit of the Golden GateBridge in San Francisco to increase its resistance to potential earthquakeimpact. Balfour Beatty Rail Power Systems has wholly owned foreign enterprise status inChina. It was responsible for the largest Chinese Rail electrification projectto date - delivering the complete catenary and power supply systems for the 950kilometre double-track line between Harbin and Dalian. ENDS Enquiries to:Tim SharpTel: 020 7216 6884www.balfourbeatty.com Notes to Editors 1. Balfour Beatty Construction Inc builds roads, tunnels, bridges and otherinfrastructure, principally for the transportation market in the US. It is basedin Atlanta. Its principle operations are in California, Texas, Pennsylvania andOhio. It has annual sales of over £300 million. 2. Balfour Beatty Rail Power Systems is a world leading railway electrificationand power supply business based in Munich. It is a major supplier to thenational rail network owners in Germany, Italy, Sweden, Spain and Austria andhas other substantial operations in Portugal, the Netherlands and China. It hasannual sales of over £300 million. 3. Balfour Beatty is a world-class engineering, construction and services group,well positioned in infrastructure markets which offer significant growthpotential. Its partnerships with public and private customers generate secure,sustainable income. Its financial position, with significant net cash and withstrong operating cash flows, offers continuing flexibility to add additionalcapacity and expertise to the business mix and to make appropriate investmentsin PPP and other long-term growth opportunities. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Balfour Beatty