Heathrow Airport awards �460m contract to Balfour Beatty
Wed, 11 Aug, 2010
London's Heathrow Airport has awarded a �460 million construction contract to Balfour Beatty.
The company, who delivered the initial phase of construction on Terminal 2 ahead of schedule in 2009, will take up work on a satellite building later in the year.
Balfour Beatty has already proposed designs for the facility, which will include ten new aircraft gates and is due to be situated east of Terminal 1.
The new building will also contain an underground link to Terminal 2, as well as an extensive baggage facility in the basement.
Chief executive of the company Ian Tyler stated his "delight" at having been awarded the contract.
He said: "We have a strong track record in delivering complex projects for BAA at Heathrow, including the rail systems elements of Terminal 5 and Terminal 2B."
The announcement comes in the same week that Balfour Beatty published its half-year results, highlights of which included a 34 per cent increase in profit from operations and a five per cent interim dividend increase.
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