Balfour Beatty Joint Venture Awarded $1.7 Billion (C. £1.3 Billion) Interstate Highway Contract by Texas Department of Transportation
BALFOUR BEATTY S/ADR (BAFYY)
NASDAQ:AMEX Investor Relations:
balfourbeatty.com/investors
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Source: Business Wire
DALLAS--(BUSINESS WIRE)-- Balfour Beatty, the international infrastructure group, today announces it has been selected, in joint venture, to deliver the $1.7 billion (c. £1.3 billion) Interstate 635 LBJ East project, on behalf of the Texas Department of Transportation. Balfour Beatty has a 45 percent share in the joint venture with Fluor Corporation holding 55 percent. Works 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 will 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 completed scheme will improve safety and reduce congestion for over 200,000
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