StockMarketWire.com - Infrastructure group Balfour Beatty said Wednesday it had secured a work package valued at £425m through the Highways England's Delivery Integration Partnership Framework to design and construct motorway and major A-road projects across England.
The initial packages of work was secured through two lots -- B6 in the South East worth up to £1.1bn, and B8 in the North worth up to £2bn -- with work commencing next year, the company said.
The Highways England's Delivery Integration Partnership Framework was for a period of six years after which future packages of work would be awarded based on performance, the company said.
'Balfour Beatty's deep domain knowledge and unique capability in complex road construction, acquired through many years' of successful projects for Highways England, make us ideally positioned to support delivery of the UK's critical national infrastructure to the highest standard,' said Leo Quinn, Balfour Beatty Group Chief Executive. At 8:15am: [LON:BBY] Balfour Beatty PLC share price was +2.85p at 277.05p
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