Balfour Beatty scores contract for US rail project

Balfour Beatty, the FTSE 250-listed infrastructure group, has announced that its professional services division, Parsons Brinckerhoff, has been awarded a contract for programme management services on the California High-Speed Rail project.

Balfour Beatty, the FTSE 250-listed infrastructure group, has announced that its professional services division, Parsons Brinckerhoff, has been awarded a contract for programme management services on the California High-Speed Rail project.

The two-year £78m contract was awarded by the California High-Speed Rail Authority and is one of the largest, most ambitious public transportation programmes in US history.

The project will mean passengers can travel from Los Angeles to San Francisco at over 200 miles per hour. The network will cover 800 miles and will run through California's Central Valley, with subsequent phases connecting to San Diego and Sacramento.

Parsons Brinckerhoff has served as the project's programme manager since 2006 and is assisting the California High Speed Rail Authority with all aspects of the programme, including planning, environmental review, preliminary engineering, and testing and commissioning.

"The California High-Speed Rail System will transform the way Californians travel while alleviating freeway and airport congestion, reducing carbon emissions, and enhancing the state's economic competitiveness," explained Andrew McNaughton, Balfour Beatty's Chief Executive.

"With funding now in place, construction of the initial segment in the Central Valley is on target to proceed this summer."

The share price was one per cent lower at 213p by 09:40 Thursday.

NR

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