8th Apr 2008 12:47
Balfour Beatty PLC08 April 2008 8 April 2008 BALFOUR BEATTY WINS CONTRACT TO BUILD LONDON 2012 AQUATICS CENTRE ----------------------------------------------------------------- The Olympic Delivery Authority (ODA) announced today that Balfour Beatty, theinternational engineering, construction, services and investment group, had beenappointed to build the flagship London 2012 Aquatics Centre and the connectedmajor land-bridge that will be the main gateway to the Olympic Park, with acombined total budget of £303 million. The budget for the Aquatics Centre is£242m and the budget for the land-bridge that will also form part of the roof ofthe venue is £61m. Located in the south of the Olympic Park the Aquatics Centre will be the main'Gateway into the Games', hosting swimming, diving, synchronised swimming, WaterPolo finals and the swimming element of the Modern Pentathlon during the OlympicGames. For the Paralympic Games it will host the swimming events. Commenting today Ian Tyler, Balfour Beatty Chief Executive, said: "We are delighted to have reached agreement to proceed with the construction ofthe London 2012 Olympics Aquatic Centre, which will be at the gateway to theOlympic site and an important legacy for London. "The project represents a unique challenge which will call on a wide range ofBalfour Beatty's skills in programme and project management, civil engineering,building, electrical and mechanical and other services. "We look forward to delivering this iconic facility and to continuing ourlong-term work in creating a better London." The Aquatics Centre will have a capacity of 17,500 during the Games, reducing to2,500 in legacy with the ability to increase this for major events, and providetwo 50m swimming pools and a diving pool, facilities that London does not haveat present. Work is on track to start by the Beijing Games and be complete in2011. The construction of the Aquatics Centre and the land-bridge will employ a numberof the Balfour Beatty Group's key skills. Balfour Beatty Management, BalfourBeatty Ground Engineering, Balfour Beatty Civil Engineering, Balfour BeattyConstruction and the group's mechanical and electrical contractor Haden Youngwill all be involved in the project. ENDS Enquiries to:-------------Tim SharpTel: 020 7216 6884www.balfourbeatty.com Notes to Editors:----------------- 1) Balfour Beatty's US subsidiary Heery International was responsible for the project and construction management of the Atlanta Olympic stadium and for its subsequent conversion into the Atlanta Braves Ball Park. 2) The Group's successful major project expertise and experience includes the £550 million new hospital in Birmingham, the £800 million new airport terminal at Chek Lap Kok in Hong Kong and the £175 million Venetian Hotel and casino complex in Macau. 3) Balfour Beatty subsidiary, Haden Young was responsible for the mechanical and electrical engineering work at the Commonwealth Stadium in Manchester. 4) Balfour Beatty is a world-class engineering, construction, services and investment business, well-positioned in infrastructure markets which offer significant long-term growth. We work in partnership with sophisticated customers who value the highest levels of quality, safety and technical expertise. Our skills are applied in appropriate combinations to meet individual customer need. Balfour Beatty's financial position, with significant net cash and with strong operating cash flows, offers continuing flexibility to add additional capacity and expertise to the business mix and to make appropriate investments in PPP and other long-term growth opportunities. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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