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.
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
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
-
FTSE 100 dividends: where to find the best yields for UK equitiesFTSE 100 dividend forecasts have plateaued but investors can still find good yields in UK equities with payments expected to reach £78.6bn in 2024
-
Will the R&D tax credit change in the Autumn Budget?Will Labour revise state help designed to foster R&D in the upcoming Autumn Budget?
