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Balfour Beatty | September 16, 2019
Balfour Beatty has secured a £70m contract to deliver overhead line works in the west of Scotland on behalf of Scottish Hydro Electric Transmission. The two year overhead line works contract will see Balfour Beatty design, construct and engineer the new 37km, 275kV double circuit overhead line, which will connect the two Argyll towns of Inveraray and Lochgilphead. The contract forms the first phase of SSEN Transmission’s Inveraray to Crossaig project to reinforce the existing transmi...
Balfour Beatty | December 18, 2019
Balfour Beatty has been awarded a £90m contract for onshore civil works on a project to connect the British and Danish power grids. The Viking Link Interconnector Project will provide 765 km of electricity between Lincolnshire and Jutland in Denmark. It will provide electricity for 1.4 million homes in the UK and improve electricity supply security in both countries. Over the course of the four-year project, Balfour Beatty will deliver 68 km of high-voltage cabling across Lincolnshire to c...
Balfour Beatty | March 11, 2020
Five years into its business transformation programme, Balfour Beatty’s numbers are looking solid and its UK Construction business is finally achieving industry standard margins. However, a planned share buyback has been delayed until the stock market calms down from its current coronavirus-induced unrest. Balfour Beatty financial results for the year to 31st December 2019 show that group pre-tax profit was up 12% to £138m on revenue up nearly 8% to £8,411m. Year-end net cash t...
West Hawaii Today | January 13, 2020
Construction work in Hawaii is likely to slow next year, but state lawmakers seem inclined to go along with Gov. David Ige’s plan to budget extra money to boost state construction spending and give a lift to the industry. In a presentation to House and Senate lawmakers last week, Chief State Economist Eugene Tian said the good news is that state tax collections are up by about 6% thus far this fiscal year, initial unemployment claims are down, and the number of air seats to Hawaii is expec...
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