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Balfour Beatty wins Texan road contract

Balfour Beatty has won a $330M (£166.6M) design and build contract for the 281 North Toll highway in Texas.

The project, in joint venture with Fluor, was awarded to Balfour Beatty Infrastructure Inc (The company's US civil engineering arm) by the Alamo Regional Mobility Authority Board of Directors.

The joint venture, Cibolo Creek Infrastructure JV (CCI), will be responsible for the construction of two to three new non-toll lanes, beginning in the autumn of 2008.

The first phase will involve a stretch from Loop 1604 to Stone Oak Parkway near San Antonio.

The second phase involves work between Stone Oak Parkway and the Comal County line. After CCI completes the 7.9 miles (12.7km) of non-toll lanes, it will begin building three new toll lanes in each direction. The project is scheduled for completion 44 months after commencement.

The road will be jointly funded by public funds from the Texas Mobility Fund, toll revenue-backed bonds and financing from the Transportation Infrastructure Finance and Innovation Act (TIFIA), a US Department of Transportation loan programme.

In addition to this project and its work on SH130, Balfour Beatty Infrastructure Inc has been awarded $460M (£232M) in road infrastructure projects in Texas over the last four years.

Balfour Beatty Chief Executive, Ian Tyler, said:"We have been a leading road constructor in Texas for many years and this contract builds on our successful relationship with Fluor, with whom we worked in delivering the $1.1bn (£556M) SH130 project, near Austin. There is a very substantial forward road building programme in Texas using a range of financing techniques and Balfour Beatty Infrastructure, where appropriate in combination with Balfour Beatty Capital, is very well placed to play a major part in the future."

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