8th May 2008 15:29
Balfour Beatty PLC08 May 2008 8 May 2008 BALFOUR BEATTY CONSORTIUM APPOINTED PROVISIONAL PREFERRED BIDDER FOR M25 PPP CONTRACT Balfour Beatty, the international engineering, construction, services andinvestment group, announces today that Connect Plus, a consortium comprisingBalfour Beatty (40%), Skanska (40%), Atkins (10%) and Egis Projects SA (10%),has been appointed provisional preferred bidder for the PPP contract to provideadditional capacity and maintain the M25. The award of the contract is expectedlater this year. The programme will focus on adding capacity to 63 miles of the M25 and will helpdeliver substantial improvements to one of the UK's busiest and most importantroads. Commenting today, Balfour Beatty Chief Executive, Ian Tyler, said: "We are delighted that Connect Plus has been appointed preferred bidder for thisimportant development project for England's motorway network. Our team has allthe experience and technical skills to deliver the work on time, on budget andto specification and we look forward to successfully completing the next stageof the tender." ENDS Enquiries to:Tim SharpTel: 020 7216 6884www.balfourbeatty.com Notes to Editors---------------- 1. Balfour Beatty is a UK leader in road building and widening schemes and a leading road manager and maintainer. Balfour Beatty was responsible for the construction of several sectors of the original M25 and completed the widening of junctions 12-15 adjacent to Heathrow Airport on time and on budget in December 2005. Balfour Beatty has significant investment interests in four PFI road schemes. These are the M1/A1 Link in Yorkshire, the A30/A35 in Devon and Dorset, the A50 in Derbyshire and the M77/GSO in Scotland. It is also preferred bidder for the Carlisle Northern Distributor Road project. It is also a leading provider of highway maintenance and asset management. It is responsible for the Highways Agency Areas 2, 3 and 4 and for local authority roads in North Yorkshire, Essex, the North West of Scotland, Royal Windsor & Maidenhead, Wokingham and Westminster. 2. Balfour Beatty has a substantial existing investment portfolio, largely through the UK PPP/PFI programme. This portfolio consists of:- - nine major hospitals - seven major schools schemes in the UK and a technical education centre in Singapore - five road and three street lighting projects - the London Underground power system - a waste water scheme - a coastal defence pathfinder PPP - Barking Power Station (non-PPP) - Exeter International Airport (non-PPP) - Blackpool Airport (non-PPP). 3. 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. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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