Balfour Beatty awarded contract for UK motorway

Balfour Beatty has been awarded a contract to upgrade sections of a UK motorway for the Highways Agency.

Balfour Beatty has been awarded a contract to upgrade sections of a UK motorway for the Highways Agency.

The FTSE 250 infrastructure group is collaborating with Skanska UK for the £321m design and construction of the M25 London orbital motorway.

Balfour Beatty and Skanska will construct infrastructure on 28.5 miles of the M25 in two sections between junctions five to seven and junctions 23 to 27 through Kent, Surrey, Essex and Hertfordshire.

The Connect Plus scheme includes the upgrade of the central reservation to a concrete barrier to restrict the impact of incidents and reduce delays for motorists.

Road management technology including electronic matrix signs, CCTV cameras and emergency refuge areas for vehicles will also be installed.

Ian Tyler, Balfour Beatty Chief Executive, said: "We are very pleased to have been awarded this new contract on the M25. It builds on our existing contracts across the UK roads network and strengthens our position in the transportation arena, which is a core strategic sector for us globally."

Work on the 25 month contract will begin January. It is scheduled for completion by February 2015.

Shares were up 0.24% to 288.90p at 8:23 Monday.

RD

Recommended

Share tips of the week – 22 October
Share tips

Share tips of the week – 22 October

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
22 Oct 2021
Three dividend stocks from the dynamic Asia/Pacific region
Share tips

Three dividend stocks from the dynamic Asia/Pacific region

Professional investor Sat Duhra of the Henderson Far East Income investment trust highlights three of his favourite stocks.
18 Oct 2021
Share tips of the week – 15 October
Share tips

Share tips of the week – 15 October

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
15 Oct 2021
Trading: stash the family cash in this cheap wealth management firm
Trading

Trading: stash the family cash in this cheap wealth management firm

Wealth management is a growth market. Rathbone Brothers should be a prime beneficiary – and looks cheap. Matthew Partridge explains the best way to pl…
12 Oct 2021

Most Popular

How to invest as we move to a hydrogen economy
Energy

How to invest as we move to a hydrogen economy

The government has started to roll out its plans for switching us over from fossil fuels to hydrogen and renewable energy. Should investors buy in? St…
8 Oct 2021
How to invest in SMRs – the future of green energy
Energy

How to invest in SMRs – the future of green energy

The UK’s electricity supply needs to be more robust for days when the wind doesn’t blow. We need nuclear power, says Dominic Frisby. And the future of…
6 Oct 2021
The after effects of the gas-price shock
Economy

The after effects of the gas-price shock

In the wake of the recent spike in the natural gas price, we can expect slower growth, an industrial recession – and a newly assertive Russia, says Ma…
17 Oct 2021