Balfour Beatty has announced that Balfour Beatty Construction LLC (BBC), its US building construction subsidiary, has been awarded four major contracts, including its first under the $30-billion (c. €21bn) Base Realignment and Closure (BRAC) Programme, to a total value of over $730 million (c. €503m).
Under the BRAC Programme, the US Army Corps of Engineers has awarded the first phase of the National Geospatial Intelligence Agency to a joint venture of Balfour Beatty and Clark Construction. Phase One - the $334-million "Integrated Design-Bid-Build" contract - is for construction integration phase services and for site construction, the central utility plant and certain other supporting facilities. It is anticipated that the project will ultimately be worth approximately $1.5 billion, with the balance of the work awarded before the end of this year.
Under the BRAC Programme, it is anticipated that there will be over 800 projects at more than 200 bases across the US. Many of the projects involve extensive modernisation and expansion programmes.
Elsewhere, BBC has been awarded a $140-million contract for military housing at the major military recruitment and training centre at Fort Jackson, South Carolina, by the US Army. The contract involves the construction of 615 residential units. This contract award brings the company's total revenues in military housing to over $2 billion, including five secured projects with a total value of over $750 million on which work has yet to commence.
In the private sector, it has also been awarded major contracts by Disney Corporation and Bank of America. For Disney, it will build a $160-million extension of Animal Kingdom in Orlando, Florida, comprising a new 340-unit, five-story resort hotel with a full range of amenities, and convert the existing Animal Kingdom facility into 110 units. For Bank of America, it will construct a $100-million, 750,000-ft² office tower, comprising 32 floors, to house 1,200 Bank of America staff and other tenants, together with a reconfiguration of the adjoining Ritz-Carlton Hotel.
Commenting, Balfour Beatty Chief Executive, Ian Tyler, said, "Balfour Beatty Construction has performed in line with our expectations since acquisition and we are delighted to be adding to our order book with high-quality work in a number of sectors. It is particularly pleasing to secure an early success under a major long-term programme which is of such enormous potential to the business."
Source: Balfour Beatty