News Release
BALFOUR BEATTY SECURES $746
MILLION (£575 MILLION) TEXAS INTERSTATE CONTRACT
Balfour Beatty, the international infrastructure group, today
announces that it has been awarded a $746 million (£575 million)
contract by the Texas Department of Transportation to rebuild part
of the Interstate 35 (I-35) through Austin in Texas.
Leo Quinn, Balfour Beatty Group
Chief Executive, said: "This latest contract award demonstrates our
leading civil engineering capabilities and is testament to our
30-year history of delivering projects for the Texas Department of
Transportation. Our selective bidding approach ensures that we
leverage our strengths to work with long-term customers in the
geographies in which we have proven expertise, strong teams and
trusted supply chain partners."
Balfour Beatty will reconstruct a four-kilometre section of the
route on the south side of downtown Austin which on completion will
provide eight general purpose lanes, a major new intersection and
multiple upgraded access roads.
A new bridge will also be built
across the 416-acre Lady Bird Lake located on the Colorado River,
replacing the existing bridge which was built in 1956. Due to the
expansive area and water-based nature of the works, the bridge will
be constructed from a barge, requiring complex engineering and
marine expertise. Additionally, the project features a bridge and
innovative intersection at Riverside Drive to support the future
light rail line which will expand and improve the public transport
network in the Central Texas Region.
The project forms part of the Texas
Department of Transportation's I-35 Capital Express Central project
to significantly improve connectivity and enhance capacity for the
200,000 drivers who use this segment of the interstate daily.
Main construction will commence in
the first half of 2025 with completion expected in 2033. At peak
construction, Balfour Beatty will directly employ over 150
people.
ENDS
Analyst/investor enquiries:
Jim Ryan
Tel. +44 (0)785 836
8527
jim.ryan@balfourbeatty.com
Media
enquiries:
Antonia Walton
+44 (0)203 810 2345
antonia.walton@balfourbeatty.com
Notes to editors:
·
Balfour Beatty
is a leading international infrastructure group
with over 26,000 employees driving the delivery of powerful new
solutions, shaping thinking, creating skylines and inspiring a new
generation of talent to be the change-makers of
tomorrow.
·
We finance, develop, build, maintain and operate
the increasingly complex and critical infrastructure that supports
national economies and deliver projects at the heart of local
communities.
·
Over the last 115 years we have created iconic
buildings and infrastructure all over the world. Currently, we are
working to deliver Hinkley Point C, the first UK nuclear power
station in a generation; constructing the world-class arts and
cultural facility, the Lyric Theatre, in Hong Kong; and designing,
building, financing, operating and maintaining the Automated People
Mover superstructure at one of the busiest airports in the world,
Los Angeles International Airport.
