StockMarketWire.com - Infrastructure group Balfour Beatty said it was conditionally selected, in joint venture, to deliver the $1.7bn Interstate 635 LBJ East project, on behalf of the Texas Department of Transportation.

Balfour Beatty had a 45% share in the joint venture with Fluor Corporation holding 55%.

The work on Interstate 635 LBJ East project would include the reconstruction and widening of 11-miles of the interstate highway around the North and East of Dallas in Texas, including the I-30 interchange, as well as the construction of service roads and numerous intersection improvements along the route.

When complete, the interstate highway would consist of 12 lanes in total, widening the general-purpose lanes from eight to ten as well as two reconstructed existing, tolled managed lanes, the company said.

Full contract award was expected in autumn 2019 with works expected to commence in early 2020, and substantial completion scheduled for late 2024.

'Following the successful delivery of the Dallas Horseshoe project, and the continued delivery of the Southern Gateway project, this latest contract award from the Texas Department of Transportation demonstrates our market leading capabilities,' said Leo Quinn, Balfour Beatty Group Chief Executive.






At 9:41am: [LON:BBY] Balfour Beatty PLC share price was -0.4p at 233.2p



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