Deals

Balfour Beatty lands US road infra deal

The UK-listed engineering and construction company has been awarded a $415m contract to design and build part of the State Highway 161 Tollway in Texas. US contracts now represent 30% of the group’s total revenue.

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Balfour Beatty, through subsidiary Balfour Beatty Infrastructure, has secured a $415 million road infrastructure contract in Texas.

The UK-listed engineering and construction company said in an announcement to the London Stock Exchange that the deal with the North Texas Tollway Authority will see it design and build phase four of the State Highway 161 Tollway in the Dallas-Fort Worth area.

Balfour Beatty Infrastructure will carry out the work as part of a joint venture with US engineering and construction services group Fluor. The project comprises two new lanes of around 6.5 miles in length from Interstate Highway 20 to north of Interstate Highway 30, in addition to associated ramp and bridge infrastructure. Design work on the project is expected to begin next month.

Balfour Beatty said work in the US now represents 30 percent of the group’s total revenue.

The deal is not Balfour Beatty’s first success in Texas. It has already completed the $1.1 billion SH130 highways project and is currently in the process of designing and building the $330 million 281 North Toll Highways scheme. Both projects are also joint ventures with Fluor.