Balfour Beatty has won a £1.2bn (€1.4bn) contract to design and deliver over 10 miles of new highways in southeast England.
The London-listed infrastructure group said it has been awarded the contract by National Highways to deliver the Roads North of the Thames’ package of works for the proposed Lower Thames Crossing.
Balfour Beatty will be responsible for the design and delivery of over 10 miles of new highways, connecting the M25 at Junction 29 and the A13 with the Lower Thames Crossing tunnel at Tilbury in Essex. The company will also deliver 49 structures including bridges and major viaducts.
Leo Quinn, group CEO of Balfour Beatty, said: “The Lower Thames Crossing is a significant scheme - one that will stimulate local, regional and national economic growth, create employment opportunities and new, sustainable methods of construction for the future of our industry.
“Our deep domain knowledge and long-standing history in complex road construction, acquired through many years of successful delivery on behalf of National Highways, makes us ideally positioned to deliver this project to the highest standard.”
The main construction is expected to complete between 2029 and 2030.
FTSE 250-listed Balfour Beatty finances, develops, builds, maintains and operates critical infrastructure that supports national economies. The company counts Greater Manchester Pension Fund, Janus Henderson, M&G Investment Management and Schroders among its major shareholders.
To read the latest edition of the latest IPE Real Assets magazine click here.
