25th May 2006 12:14
Balfour Beatty PLC25 May 2006 25 May 2006 BALFOUR BEATTY AWARDED £115 MILLION KING'S CROSS NORTHERN TICKET HALL PROJECT ============================================================================= Balfour Beatty, the international engineering, construction and services group,announces today that its subsidiary, Balfour Beatty Civil Engineering, has beenawarded a contract to construct a new Northern Ticket Hall as part of the phaseddevelopment of King's Cross St. Pancras Underground station. Mobilisation for the new below ground ticket hall has already commenced andconstruction will start in summer this year. Completion will allow theUnderground station to handle an anticipated 92,000 passengers during the dailymorning peak by 2011. The works will be undertaken without impeding thestation's 80 million annual passengers. Partial completion of the works in 2008will allow access for Network Rail to proceed with redevelopment of the mainlinestation. Works at both the Underground and mainline station will be completed ingood time for the 2012 Olympics. Ian Tyler, Balfour Beatty Chief Executive, commenting on the award today, said: "We are very pleased to have been awarded the contract for delivery of this keyLondon and Olympic infrastructure. Three Balfour Beatty Group companies will beinvolved in providing an integrated solution to London Underground's needs." The scope of the work is predominantly below ground and comprises theconstruction of the Northern Ticket Hall adjacent to King's Cross main railwaystation. It includes construction and fitout of a three-storey concrete boxwhich will provide improved access to the Northern, Piccadilly and Victorialines via banks of new escalators and Mobility Impaired Person (MIP) lifts.Fitout works include both architectural finishes and the installation of a fullrange of building services. Balfour Beatty Civil Engineering is leading the integrated team that includesBalfour Kilpatrick undertaking the mechanical and electrical works. The teamwill also be supported by Stent, the Balfour Beatty ground improvementcontractor. ENDS Enquiries to:Tim SharpTel: 020 7216 6884www.balfourbeatty.com Notes to Editors 1. Balfour Beatty Civil Engineering delivers engineering solutions for minorworks through to major infrastructure projects. It offers a wide variety ofservices to customers ranging from construction-only works to complexasset-based, service-driven solutions. 2. Balfour Kilpatrick is an engineering services organisation operating withinthe multi-services and power systems sector of the electrical and mechanicalconstruction industry. Expertise covers electrical, mechanical, instrumentationand building services. 3. Stent Foundations is one of the UK's leading piling and ground engineeringcontractors with a broad geotechnical base. 5. Balfour Beatty is a world-class engineering, construction and services group,well positioned in infrastructure markets which offer significant long-termgrowth potential. Its partnerships with public and private customers generatesecure, sustainable income. Its financial position, with significant net cashand with strong operating cash flows, offers continuing flexibility to addadditional capacity and expertise to the business mix and to make appropriateinvestments 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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