Balfour Beatty to build bridges in Texas
Construction group Balfour Beatty said on Monday that it was on the cusp of securing a 798m dollar bridge-building project in the USA.
Construction group Balfour Beatty said on Monday that it was on the cusp of securing a 798m dollar bridge-building project in the USA.
The firm's joint venture with Fluor Corporation had been named joint bidder to undertake the upgrades and replacements of river crossings in Dallas, Texas.
The Texas Department of Transportation's estimate for the design, construction, utilities and right of way for the project is around $798m.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The 'Dallas Horseshoe' project covers the upgrade and replacement of several bridges, as well as construction of additional lanes.
The design work will start in early 2013 and will be completed in 2017.
Chief Executive Ian Tyler said transportation was a key component of the company's plan to use its design and construction expertise to develop its business in complex design-build transportation projects.
"Our expertise across the infrastructure lifecycle differentiates us from other companies in the market and adds value for our customers," he said.
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
8 of the best properties for sale for around £1 million
The best properties for sale for around £1 million – from a Grade II-listed former watermill in Torpoint, Cornwall, to a two-bedroom apartment close to London’s Kensington High Street
-
Inheritance tax reforms: government urged to rethink curbs on rural reliefs
MPs want the government to delay changes to inheritance rax reliefs for farmers