Balfour Beatty wins highway maintenance contract

Balfour Beatty, the FTSE 250 global infrastructure group, announced Friday that it has been awarded a five-year highway maintenance contract by Wiltshire Council.

Balfour Beatty, the FTSE 250 global infrastructure group, announced Friday that it has been awarded a five-year highway maintenance contract by Wiltshire Council.

The contract, which is worth £150m, is due to start of June 1st this year and covers highway maintenance, grass cutting, grounds maintenance, litter collection and street lighting as well as dealing with winter weather, drainage and bridges.

The company previously only held the street lighting contract.

Ian Tyler, Chief Executive Officer of Balfour Beatty said: "We are delighted to be able to build on our existing relationship with Wiltshire Council. We have shown once again the breadth of our skills and experience and that we can deliver for local authorities on a wide range of services."

The decision remains subject to the formal legal procedures for awarding the contract, the firm added.

NR

Recommended

Three strong Asian stocks trading at bargain prices
Share tips

Three strong Asian stocks trading at bargain prices

Professional investor Nitin Bajaj of the Fidelity Asian Values investment trust picks three stocks that dominate their industries, earn good returns o…
20 Sep 2021
Why it pays to face up to your investment mistakes
Investment strategy

Why it pays to face up to your investment mistakes

Buying stocks can be a complicated business. But selling stocks can be tricky, too – even if you sell for the right reasons. Max King explains how to …
17 Sep 2021
Share tips of the week – 17 September
Share tips

Share tips of the week – 17 September

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
17 Sep 2021
Royal Mail will deliver for investors – here's how to play it
Trading

Royal Mail will deliver for investors – here's how to play it

Royal Mail Group has found its feet in the past 18 months and looks cheap. Matthew Partridge looks at how to trade the shares.
14 Sep 2021

Most Popular

The times may be changing, but don’t change how you invest
Small cap stocks

The times may be changing, but don’t change how you invest

We are living in strange times. But the basics of investing remain the same: buy fairly-priced stocks that can provide an income. And there are few be…
13 Sep 2021
Two shipping funds to buy for steady income
Investment trusts

Two shipping funds to buy for steady income

Returns from owning ships are volatile, but these two investment trusts are trying to make the sector less risky.
7 Sep 2021
How to stop recurring subscriptions becoming a drain on your money
Personal finance

How to stop recurring subscriptions becoming a drain on your money

Tracking and pruning subscriptions isn’t as easy as it sounds. Here's how to take charge.
14 Sep 2021