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Construction firm Balfour Beatty has won a 300m pound contract to maintain over 500km of UK roads.
The company will undertake the five year contract for the Highways Agency as part of a joint venture with engineering consultants Mott MacDonald.
The deal covers maintenance and improvements to motorway and trunk roads in Manchester, Cheshire, Merseyside and parts of Lancashire.
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"In awarding this contract to our joint venture, the Highways Agency has recognised our excellent track record in delivering high profile projects for the highways sector," said Balfour's Chief Executive Ian Tyler.
"As a group, we are committed to growing our share of the transport maintenance market, both in the UK and overseas and are one of the longest established providers in this vital service-led sector."
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.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
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