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Balfour Beatty has won a seven-year £200m contract to install rail systems in the 57km Gotthard tunnel in Switzerland.
Work on the tunnel starts in 2009 and when completed in 2016 it will be the longest in the world.
Share placement will raise cash as contractor says 2008 results will be at top end of expectations
Hundreds of existing jobs also set to be lost as Horizon strips back to “minimal core”
The London Assembly’s budget and performance committee says the organisation’s plans regarding future capital projects should be made public
UK chief executive says firm needs to retain skilled workers
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