-
BBIP establishes Munich office and makes 3 new hires | 23 February 2012 BBIP is pleased to welcome three new members to its team; Martin Krastev and Amrita Jaijee based in BBIP’s London office and Markus Geisselmann based in Munich. This recruitment grows the BBIP team to 12 globally, with offices in London, Munich and New York.
-
Thales-Balfour Beatty consortium awarded £335 million Danish rail signalling contract Europe | 31 January 2012 Balfour Beatty announces today that in consortium with Thales, it has been awarded a £335m contract by the railway operator and developer in Denmark, Banedanmark, to transform much of the country’s rail signalling system.
-
Balfour Beatty appointed preferred bidder for £800 million Essex project Europe | 03 January 2012 Balfour Beatty, the international infrastructure group, announces that it has been appointed preferred bidder for the £800 million Essex Waste Partnership’s Residual Waste Treatment Contract. The project, a 30:70 joint venture between Balfour Beatty and Urbaser, is a 28-year PPP contract to design, build and operate a new sustainable waste treatment facility for Essex County Council and Southend-on-Sea Borough Council.
-
Balfour Beatty awarded Melbourne rail contract Australia | 21 December, 2011 Balfour Beatty, announces that, in an alliance with Thiess and Sinclair Knight Merz, it has been awarded an A$835 million (£535 million) contract for works on the Footscray to Deer Park section of the Regional Rail Link project in Melbourne, Australia. Balfour Beatty has a 35% share in the alliance in which it will play a vital role by combining its rail infrastructure capabilities and its professional services through Parsons Brinckerhoff.
-
Roy Kienitz joins Parsons Brinckerhoff North America | 20 December 2011 NEW YORK, NY — Roy Kienitz, former Under Secretary for Policy at the United States Department of
Transportation (USDOT), has been named a Senior Advisor at Parsons Brinckerhoff, a global
infrastructure strategic consulting, planning, engineering and program/construction management
organization. -
Balfour Beatty JV awarded £414 million gas networks contract Europe | 19 December, 2011 Balfour Beatty has been awarded, in a joint venture with CLG Developments Ltd (CLG), a £414 million contract by Bord Gais Networks in the Republic of Ireland.
-
Balfour Beatty appointed preferred bidder for £500 million waste project Europe | 15 December 2011 Balfour Beatty announces today that it has been appointed preferred bidder for the £500 million Gloucestershire Residual Waste Project in joint venture with Urbaser. The 28-year PPP project involves the design, build and operation of an energy-from-waste facility for Gloucestershire County Council.
-
Balfour Beatty awarded multi million pound Beauly-Denny replacement electricity transmission line contract Europe | 07 November 2011 Balfour Beatty, the international infrastructure group, has been awarded a contract by Scottish Hydro Electric Transmission Limited, a subsidiary of SSE (Scottish and Southern Energy), to replace the electricity transmission line between Beauly and Wharry Burn, 20km north of Denny.
-
Balfour Beatty Rail awarded £50 million London Bridge track contract Europe | 01 November 2011 Network Rail has awarded Balfour Beatty Rail a £50 million contract to deliver track remodelling as part of the major redevelopment of the London Bridge area.
-
Balfour Beatty awarded construction contract for M4/M5 managed motorway scheme Europe | 26 October 2011 Balfour Beatty, the international infrastructure group, announces today that it has been awarded the £77.6 million M4/M5 managed motorways scheme construction contract, near Bristol, by the Highways Agency who manage, maintain and improve England’s motorways and trunk roads.
-
Balfour Beatty joint venture awarded £724 million rail infrastructure contract Hong Kong | 20 October 2011 Balfour Beatty, the international infrastructure group, announces today that Gammon Construction, the market-leading contractor in Hong Kong in which Balfour Beatty has a 50% shareholding, has been awarded a HK $8.9 billion (£724 million) rail infrastructure contract, in joint venture with Leighton Asia, by MTR Corporation.
-
Parsons Brinckerhoff appointed to undertake national transmission study Europe | 12 September 2011 Parsons Brinckerhoff, the international engineering consultancy, has welcomed its appointment to undertake a national study into the comparative costs of installing new high voltage transmission circuits underground, sub-sea or as overhead lines. -
Balfour Beatty in $220m plus U.S. women’s prison contract win North America | 16 September 2011 The County of San Diego has awarded Balfour Beatty / Barnhart the first phase of a two-phase contract for design-build services to construct the new $221.5-million San Diego County Women’s Detention Facility in Santee, Calif. The joint venture is a partnership between Balfour Beatty Construction and Barnhart Balfour Beatty.
-
Balfour Beatty led consortium appointed preferred bidder for £317 million OFTO asset Europe | 05 August 2011 Balfour Beatty announces today that it has been appointed preferred bidder for the transmission assets of the Greater Gabbard offshore wind farm project, located off the coast of Suffolk, as part of the Offshore Transmission Owners ("OFTO") regulatory regime. Combined with the Thanet offshore wind farm asset, Greater Gabbard gives Balfour Beatty the leading investor position in this new and growing market, with responsibility for £480 million of OFTO transmission assets with a combined transmission capacity of 804MW. -
Balfour Beatty acquires US water and wastewater contractor North America | 17 June 2011 Balfour Beatty, the international infrastructure group, announces today that its US Construction Services division has acquired Fru-Con Construction LLC, a leading water and wastewater infrastructure contractor, for a net cash consideration of US$20 million (£12 million).
-
Balfour Beatty acquires leading U.S. West Coast contractor North America | 30 June 2011 Balfour Beatty, the international infrastructure group, announces today that Balfour Beatty Construction US (“BBC”) has reached agreement to acquire Howard S. Wright (“HSW”) for an estimated net cash consideration of US$93 million (£58 million) for a zero net assets balance sheet. US$70 million (£44 million) is payable at closing with a further amount to be paid on an earn-out basis over 4.5 years, conditional on the satisfaction of certain financial projections.
Balfour Beatty led consortium appointed preferred bidder for £317 million OFTO asset
Europe | 05 August 2011
Once financial close has been achieved, Balfour Beatty will jointly own the 504 MW offshore high-voltage transmission asset and will be responsible for the asset’s operation and maintenance as well as connecting the wind farm to the onshore electricity transmission system. The OFTO will carry out its responsibilities through a 20-year licence awarded by Ofgem, the Government regulator for gas and electricity markets.
This is the final and the largest project to be awarded in the first transitional round comprising nine OFTO assets.
Balfour Beatty has also recently been selected by Ofgem to participate in the next round of bidding for three more OFTO assets which have a combined capital value of c£1.0 billion.
Today's announcement follows the competitive tender process originally launched by Ofgem in July 2009 for offshore electricity transmission assets. Balfour Beatty's success reflects its expertise in infrastructure investment and its long-standing experience in the maintenance of offshore transmission assets.
The indicative transfer value of the asset is £317 million. Balfour Beatty will invest 33.3% of the required equity in the project upon financial close, which is expected to be later in 2011.
Balfour Beatty Chief Executive, Ian Tyler, said:
"Greater Gabbard is a significant step in the development of our non-PPP infrastructure investment business as well as our wider strategy of developing our delivery capability in the offshore renewables industry. It firmly places Balfour Beatty in a leading position within the fast growing and potentially very large offshore transmission markets, and provides a stable long term income stream to the Group."
This is the final and the largest project to be awarded in the first transitional round comprising nine OFTO assets.
Balfour Beatty has also recently been selected by Ofgem to participate in the next round of bidding for three more OFTO assets which have a combined capital value of c£1.0 billion.
Today's announcement follows the competitive tender process originally launched by Ofgem in July 2009 for offshore electricity transmission assets. Balfour Beatty's success reflects its expertise in infrastructure investment and its long-standing experience in the maintenance of offshore transmission assets.
The indicative transfer value of the asset is £317 million. Balfour Beatty will invest 33.3% of the required equity in the project upon financial close, which is expected to be later in 2011.
Balfour Beatty Chief Executive, Ian Tyler, said:
"Greater Gabbard is a significant step in the development of our non-PPP infrastructure investment business as well as our wider strategy of developing our delivery capability in the offshore renewables industry. It firmly places Balfour Beatty in a leading position within the fast growing and potentially very large offshore transmission markets, and provides a stable long term income stream to the Group."
