Balfour Beatty Joint Venture Awarded $1.7 Billion (C. £1.3 Billion) Interstate Highway Contract by Texas Department of Transportation

DALLAS–(BUSINESS WIRE)–Balfour Beatty, the international infrastructure group, today announces
it has been selected, in joint venture, to deliver the $1.7 billion (c.
£1.3 billion) Interstate 635 LBJ East project, on behalf of the Texas
Department of Transportation.

Balfour Beatty has a 45 percent share in the joint venture with Fluor
Corporation holding 55 percent.

Works include the reconstruction and widening of 11-miles of the
interstate highway around the North and East of Dallas in Texas,
including the I-30 interchange, as well as the construction of service
roads and numerous intersection improvements along the route.

When complete, the interstate highway will consist of 12 lanes in total,
widening the general-purpose lanes from eight to ten as well as two
reconstructed existing, tolled managed lanes. The completed scheme will
improve safety and reduce congestion for over 200,000 drivers who use
the interstate daily.

Leo Quinn, Balfour Beatty Group Chief Executive, said: “Following the
successful delivery of the Dallas Horseshoe project, and the continued
delivery of the Southern Gateway project, this latest contract award
from the Texas Department of Transportation demonstrates our market
leading capabilities.

“With over half of Balfour Beatty’s construction revenue generated from
our US operations, we continue to strengthen our business, benefiting
from strong competitive positions in our chosen large and growing
infrastructure markets.”

Full contract award is expected in autumn 2019 with works expected to
commence in early 2020, and substantial completion scheduled for late
2024. At construction peak, the joint venture will employ a workforce of
around 500.

About Balfour Beatty

Balfour Beatty is an industry-leading provider of general contracting,
at-risk construction management and design-build services for public and
private sector clients across the United States. Performing heavy civil
and vertical construction, the company is part of Balfour Beatty plc
(LSE: BBY), a leading international infrastructure group that provides
innovative and efficient infrastructure that underpins our daily lives,
supports communities and enables economic growth. Consistently ranked
among the nation’s largest contractors, Balfour Beatty is a top 10
Domestic Building Contractor in the United States as ranked by
Engineering News-Record. To learn more, visit www.balfourbeattyus.com.

Contacts

Matt Averitt
Balfour Beatty
+1 214-451-1030
maveritt@balfourbeattyus.com