Balfour Beatty, the global infrastructure group, said it was on track to capture a 10 per cent share of its target US water and wastewater market by 2020 after winning an 80m pound contract.
The deal is the third it has struck with the Patapsco Wastewater Treatment Plant in Baltimore County, Maryland.
The company also said it had won its first job in Texas, thereby passing a strategic goal of entering the Southwest water and wastewater market.
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
The latter deal is a £45m, three year contract at the Galveston Main Water and Wastewater Treatment Plant.
Chief Executive Ian Tyler said the water and wastewater market was a core sector for Balfour Beatty.
"We are looking to expand our capabilities to also compete in desalination and design-build projects in the future," he said.
"It is our intention to expand our successful West Coast and East Coast water and wastewater business into areas of the country which are experiencing high population growth and increased water demands, for example southern California, as well as the Southwest and Southeast regions of the US."
-
RICS: Housing market continues to strengthen but 2025 could be challengingThe latest survey by the Royal Institution of Chartered Surveyors reports a resilient UK housing market, but warns of headwinds next year
-
Bitcoin price one of the most-asked questions on Alexa - here's how to buy the cryptocurrencyAccording to figures from Amazon, which cover September 2023 to November 2024, pop star Taylor Swift and Bitcoin were named among the most popular Alexa queries of 2024
