Balfour Beatty wins contracts for rail works in Australia
Balfour Beatty has scored a new contract to work on a rail network in Melbourne, Australia.
Balfour Beatty has scored a new contract to work on a rail network in Melbourne, Australia.
As part of the £76.6m agreement with Victoria's Road Authority, the infrastructure group will remove a pivotal rail road level crossing in Melbourne.
Balfour Beatty will lower the existing rail line beneath the road in order to reduce congestion, improve safety and cut journey times.
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
A new station with transport interchange and associated precinct areas will also be constructed.
"This is an excellent demonstration of the infrastructure expertise Balfour Beatty as a whole can bring to a complex project, utilising skills gathered from across our global business," said Chief Executive Andrew McNaughton.
Work begins this month and will be completed by the end of 2014.
RD
Sign up for MoneyWeek's newsletters
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.
-
Barclays begins paying up to £100 compensation to customers after banking outage
Barclays will pay up to £7.5 million in compensation to customers after its banking services were disrupted by an IT outage
By Daniel Hilton Published
-
Review: Shangri-La Paris – an ode to the world’s best food
Natasha Langan enjoys fine French and Chinese cuisine at the Shangri-La Paris
By Natasha Langan Published