24 January 2013
BALFOUR BEATTY ESTABLISHES CONSORTIUM TO
TARGET AUSTRALIAN HIGHWAYS CONTRACTS
Balfour Beatty, the international infrastructure group, in a 50:50 partnership with Transfield Services, has formed a bid consortium to target State government outsourcing opportunities in highways maintenance on the East Coast of Australia.
These opportunities have arisen from the Reform Agenda in the states of New South Wales, Queensland and Victoria which aims to reduce the cost of providing public services. Balfour Beatty, as part of its strategy to focus in growth geographies and markets, has recognised that the highways maintenance market in Australia is ready for a new provider to bring innovative thinking to these future contracts. A joint team from Australia and the UK has collaborated to transfer knowledge and best practice developed in recent years in the UK to Australian markets.
"Highways maintenance is a core strength of ours in the UK and US, and Australia is a target growth market," explained Andrew McNaughton, CEO Designate, Balfour Beatty. "We expect that over the next two to three years, there will be up to 12 contracts tendered in Australia and we are competitively positioned to bid for these deals by mobilising a specialist UK team to support our well established Parsons Brinckerhoff business in the country."
Typical services are expected to include street lighting, bridges, drain clearing, road and footway resurfacing, as well as cutting back vegetation and responding to emergencies on the network. Balfour Beatty's infrastructure experience and asset management expertise will enable the bids to be contracted based on achieving outcomes rather than the more traditional contracts based on specifications and rates.
ENDS
Analyst/investor enquiries:
Basak Kotler
Balfour Beatty plc
Tel. +44 (0)20 7216 6924
Media enquiries:
Rebecca Salt
Balfour Beatty plc
Tel. +44 (0)20 7216 6865
Notes to editors:
1. Parsons Brinckerhoff is a leader in developing and operating infrastructure around the world, with 14,000 employees dedicated to meeting the needs of clients and communities in the Americas, Europe, Africa, the Middle East, Asia and Australia-Pacific regions. The firm offers skills and resources in strategic consulting, planning, engineering, program/construction management, and operations for transportation, power, mining, water/wastewater and community development projects.
Parsons Brinckerhoff (www.pbworld.com) is the professional services arm of London-based Balfour Beatty plc.
2. Balfour Beatty (www.balfourbeatty.com) is a world-class infrastructure group with capabilities in professional services, construction services, support services and infrastructure investments.
We work in partnership with our customers principally in the UK, continental Europe, the US, South-East Asia, Australia and the Middle East, who value the highest levels of quality, safety and technical expertise.
Key infrastructure markets include transportation (roads, rail and airports); social infrastructure (education, specialist healthcare, and various types of accommodation); utilities (water, gas and power transmission and generation) and commercial (offices, leisure and retail).
The Group delivers services essential to the development, creation and care of these infrastructure assets including project design, financing and management, engineering and construction, and facilities management services.
Balfour Beatty employs 50,000 people around the world.
