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.
-
Spot the Dog: £67bn in underperforming funds revealed
Around 137 funds consistently underperformed their benchmark, BestInvest's Spot the Dog report finds. Which funds are in the dog house?
By Katie Williams Published
-
What does a BP and Shell merger mean for the UK oil industry?
BP’s struggles have made it vulnerable to a takeover. Could it merge with Shell to create a British behemoth?
By Dr Matthew Partridge Published