Balfour Beatty reports £14 billion order book

Balfour Beatty, the international infrastructure group, has issued its Interim Management Statement, saying that the business is performing well, with a number of good contract wins, which has resulted in the order book moving ahead of the 2009 year-end figure of £14.1 billion.

In the UK, there has been good progress on all our major projects, including the M25, Blackfriars Station and the London 2012 Aquatics Centre. Our regional businesses have performed satisfactorily, backed up by continued strong order intake.

In support services, there were a £1.5 billion revenues focusing principally on government and regulated industry customers.In the local authority outsourcing market, they secured a £250 million, 10-year strategic partnership contract with North East Lincolnshire Council.

In UK PPP, the company has been appointed preferred bidder for the £300 million Ealing Building Schools for the Future (BSF) scheme and have reached financial close on the £450 million Blackburn with Darwen and Bolton BSF projects

In a closing statement the board said"Balfour Beatty operates across the infrastructure lifecycle and is uniquely placed in major markets to benefit from the long-term growth in investment in infrastructure. Furthermore, each of our business areas operates in a diversity of markets, which, allied to our capability to provide an integrated service to customers, gives our business strength and resilience. In spite of continuing economic uncertainty, we remain confident about the prospects for the Group."