StockMarketWire.com - Balfour Beatty has been awarded a share of a $1.95bn (£1.4bn) to build a train network at Los Angeles International Airport by Los Angeles World Airports.
Balfour Beatty as part of a consortium will build and operate a 2.25-mile, above ground airport transport system connecting the LAX central terminal area to the to-be-constructed consolidated rental car facility as well as six stations and a vehicle maintenance facility.
The contract was awarded to the LAX Integrated Express Solutions (LINXS) joint venture comprising of Balfour Beatty (30%), Fluor Corporation (30%), Flatiron West (20%) and Dragados USA (20%).
Leo Quinn, Balfour Beatty Group Chief Executive, said: 'This award at LAX, one of the world's busiest airports, recognises our expertise and track record for delivering critical transportation infrastructure.'
At 8:30am: [LON:BBY] Balfour Beatty PLC share price was +3.1p at 276.5p
Story provided by StockMarketWire.com
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