£1.2bn contract in the pipeline

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BALFOUR Beatty, the construction and infrastructure services giant, has been awarded two eight-year contracts with National Grid to upgrade parts of Britain’s gas distribution network.

Valued at £1.2 billion, the contracts involve the design and installation of modern polyethylene gas distribution mains to replace ageing metal pipes in the north-west of England and West Midlands.

Balfour said it would be investing some £55 million of working capital in the contracts.

Group chief executive Ian Tyler said: “National Grid is one of our longest-held relationships and we are delighted to continue this partnership.

“The award of these new contracts builds on our ongoing strategic focus in the power market and is an excellent example of partnership with our clients.”