Balfour Beatty Regulatory News (BBY)

News Release

BALFOUR BEATTY SECURES $889 MILLION (£670 MILLION) TEXAS INTERSTATE CONTRACT

Balfour Beatty, the international infrastructure group, today announces that it has been awarded a $889 million (£670 million) contract by the Texas Department of Transportation to reconstruct part of Interstate 30 (I-30) through Dallas in Texas.

Balfour Beatty will reconstruct a 3.7-kilometre (2.3-mile) section of the route on the east side of Dallas County. On completion, the scheme will increase the number of general-purpose lanes from six to 12 to improve congestion and connectivity across the city.

In addition, the company will construct nine crossings which will link I-30 with the Southern Gateway, the I-35E Lowest Stemmons and The Horseshoe, all of which Balfour Beatty has successfully completed on behalf of the Texas Department of Transportation over the last five years.

This latest contract award follows Balfour Beatty's appointment by the Texas Department of Transportation to rebuild part of the Interstate 35 through Austin in Texas. The contract, valued at $746 million (£575 million) was awarded in November 2024.

Leo Quinn, Balfour Beatty Group Chief Executive, said:

"This contract award marks a significant milestone in Balfour Beatty's 30-year partnership with the Texas Department of Transportation and our proven track record of successful project delivery.

"With decades of experience executing complex roadway projects in Dallas, and an in-depth understanding of the region's infrastructure, we are uniquely positioned to deliver these essential improvements. This work will not only enhance connectivity and reduce congestion but also foster long-term economic growth and opportunity across the region."

Balfour Beatty's appointment to reconstruct part of I-30 is testament to its selective bidding approach, ensuring that the company leverages its strengths to work with long-term customers in the geographies in which it has proven expertise, strong teams and trusted supply chain partners.

Preconstruction will commence in 2026 and is estimated to last five years until completion.

ENDS

Analyst/investor enquiries:

Jim Ryan Tel. +44 (0)785 836 8527 jim.ryan@balfourbeatty.com  

Media enquiries:

Antonia Walton+44 (0)203 810 2345 antonia.walton@balfourbeatty.com

Notes to editors:

· Balfour Beatty is a leading international infrastructure group with over 27,000 employees driving the delivery of powerful new solutions, shaping thinking, creating skylines and inspiring a new generation of talent to be the change-makers of tomorrow.

· We finance, develop, build, maintain and operate the increasingly complex and critical infrastructure that supports national economies and deliver projects at the heart of local communities.

· Over the last 116 years we have created iconic buildings and infrastructure all over the world. Currently, we are working to deliver Hinkley Point C, the first UK nuclear power station in a generation; constructing the world-class arts and cultural facility, the Lyric Theatre, in Hong Kong; and designing, building, financing, operating and maintaining the Automated People Mover superstructure at one of the busiest airports in the world, Los Angeles International Airport.