REG - Balfour Beatty PLC - BALFOUR BEATTY SECURES TEXAS INTERSTATE CONTRACT

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RNS Number : 9259F  Balfour Beatty PLC  24 April 2025

News Release

 

 

BALFOUR BEATTY SECURES $889 MILLION (£670 MILLION) TEXAS INTERSTATE CONTRACT

 

Balfour Beatty, the international infrastructure group, today announces that
it has been awarded a $889 million (£670 million) contract by the Texas
Department of Transportation to reconstruct part of Interstate 30 (I-30)
through Dallas in Texas.

 

Balfour Beatty will reconstruct a 3.7-kilometre (2.3-mile) section of the
route on the east side of Dallas County. On completion, the scheme will
increase the number of general-purpose lanes from six to 12 to improve
congestion and connectivity across the city.

 

In addition, the company will construct nine crossings which will link I-30
with the Southern Gateway
(https://www.balfourbeattyus.com/portfolio/project-portfolio/project-portfolio-detail/the-southern-gateway)
, the I-35E Lowest Stemmons
(https://www.balfourbeattyus.com/portfolio/project-portfolio/project-portfolio-detail/ih-35e-lowest-stemmons)
and The Horseshoe
(https://www.balfourbeattyus.com/portfolio/project-portfolio/project-portfolio-detail/dallas-horseshoe)
, all of which Balfour Beatty has successfully completed on behalf of the
Texas Department of Transportation over the last five years.

 

This latest contract award follows Balfour Beatty's appointment by the Texas
Department of Transportation to rebuild part of the Interstate 35 through
Austin in Texas
(https://www.balfourbeatty.com/media-centre/latest/balfour-beatty-secures-746-million-575-million-texas-interstate-contract/)
. The contract, valued at $746 million (£575 million) was awarded in November
2024.

 

Leo Quinn, Balfour Beatty Group Chief Executive, said:

 

"This contract award marks a significant milestone in Balfour Beatty's 30-year
partnership with the Texas Department of Transportation and our proven track
record of successful project delivery.

 

"With decades of experience executing complex roadway projects in Dallas, and
an in-depth understanding of the region's infrastructure, we are uniquely
positioned to deliver these essential improvements. This work will not only
enhance connectivity and reduce congestion but also foster long-term economic
growth and opportunity across the region."

 

Balfour Beatty's appointment to reconstruct part of I-30 is testament to its
selective bidding approach, ensuring that the company leverages its strengths
to work with long-term customers in the geographies in which it has proven
expertise, strong teams and trusted supply chain partners.

 

Preconstruction will commence in 2026 and is estimated to last five years
until completion.

ENDS

 

 

Analyst/investor enquiries:

Jim Ryan
Tel. +44 (0)785 836 8527

jim.ryan@balfourbeatty.com (mailto:jim.ryan@balfourbeatty.com)

 

Media enquiries:

Antonia Walton

+44 (0)203 810 2345
antonia.walton@balfourbeatty.com (mailto:antonia.walton@balfourbeatty.com)

 

Notes to editors:

·    Balfour Beatty (https://www.balfourbeatty.com/) is a leading
international infrastructure group with over 27,000 employees driving the
delivery of powerful new solutions, shaping thinking, creating skylines and
inspiring a new generation of talent to be the change-makers of tomorrow.

·    We finance, develop, build, maintain and operate the increasingly
complex and critical infrastructure that supports national economies and
deliver projects at the heart of local communities.

·    Over the last 116 years we have created iconic buildings and
infrastructure all over the world. Currently, we are working to deliver
Hinkley Point C, the first UK nuclear power station in a generation;
constructing the world-class arts and cultural facility, the Lyric Theatre, in
Hong Kong; and designing, building, financing, operating and maintaining the
Automated People Mover superstructure at one of the busiest airports in the
world, Los Angeles International Airport.

 

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