Contractor secures extension of existing agreement for the next five years
Contractor Balfour Beatty has agreed a five year extension to its maintenance and refurbishment contract with the National Grid in a deal worth £750m.
The agreement extends the existing Electricity Alliance East, started five years ago, and will see Balfour Beatty design and upgrade the UK’s electricity network alongside maintaining its overhead lines.
Ian Tyler, chief executive of Balfour Beatty, said: “This further reinforces a strong, strategic alliance bringing continuing value, as well as ongoing certainty, to a core element of the UK’s infrastructure.”
The job will draw on a number of arms of the major contractor’s business and the group emphasised that this demonstrated its ability to tackle complex infrastructure projects.