Balfour Beatty wins big roads contract

Construction firm Balfour Beatty has won a 300m pound contract to maintain over 500km of UK roads.

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.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

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

Sign up

"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."