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 to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Higher rates are disappearing – should you fix your savings?
Fixed savings rates have dropped to their lowest levels in over a year. Should you fix your savings now ahead of a potential base rate cut in November?
By Katie Williams Published
-
Nine million people fall victim to financial scams, says Citizens Advice
The charity says that around one in five people across the UK have been caught out by a finance scam in the past year - here is how to protect your money
By Chris Newlands Published