Balfour Beatty scoops £535m rail contract

Balfour Beatty, the FTSE-250 global infrastructure group, has been awarded a £535m (AUS $835m) contract for works on a section of the Regional Rail Link project in Melbourne.

Under the contract, in which Balfour has a 35% share, the alliance partners, which also include Thiess and Sinclair Knight Merz, will design and construct the first major new rail line for metropolitan Melbourne in 80 years.

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Balfour Beatty Chief Executive, Ian Tyler, said: "The Melbourne rail contract win is really pleasing from a number of perspectives. Firstly, as a global player in rail technology, we are pleased to play a part in this historical development for rail in Australia - a buoyant market where we are developing a healthy market position.

"Furthermore, it is rewarding to see our strategy in action. We have harnessed our skills and capabilities in rail as well as in Parsons Brinckerhoff to gain a position as a joint-venture partner in the design and construction of a complex rail project. This win aptly demonstrates the success of our strategy to integrate the group's capabilities to manage complexity for our customers."

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