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.

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

Get 6 issues 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

Sign up

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