Balfour Beatty wins £110m rail contract
FTSE 250 infrastructure group Balfour Beatty has been awarded the Whitechapel Crossrail contract worth £110m.
FTSE 250 infrastructure group Balfour Beatty has been awarded the Whitechapel Crossrail contract worth £110m.
The project, awarded to a joint venture between Balfour, Morgan Sindall and Vinci Construction, includes the demolition of the existing station, construction of a new ticket hall, platform upgrades and the construction of a new station.
"We are delighted to have been awarded this Crossrail contract," said chief executive Ian Tyler.
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
"We, together with our joint venture partners, are using the full range of skills, resources and technical expertise required to deliver not only this contract, but the Whitechapel and Liverpool Street station tunnels project, awarded to the joint venture in January this year."
BC
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Going part-time could leave a £58,000 hole in your pension: how to plug the gap
There are many reasons for switching to part-time work, but some savers don’t consider the impact on their pension until it is too late
By Katie Williams Published
-
Three bargain investment trusts to add to your portfolio
These three investment trusts are bargains compared to their net asset value (NAV), but one fund analyst thinks the deep discounts are unwarranted.
By Dan McEvoy Published