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BRIEF-Balfour Beatty joint venture signs 5-year contract with Thames Water
February 2, 2015 / 7:07 AM / 3 years ago

BRIEF-Balfour Beatty joint venture signs 5-year contract with Thames Water

Feb 2 (Reuters) - Balfour Beatty Plc

* Thames water contract

* Joint venture with skanska and mwh treatment (known as smb), has signed a five year contract with thames water, with an option to extend for a further 5 years

* Initial £800 million contract covers amp 6 regulatory period, running from april 2015 to march 2020

* As a one third partner in smb joint venture, value to balfour beatty is approximately £265m over initial five years

* This follows on from a two year early contractor involvement phase that started in march 2013 Source text for Eikon: Further company coverage: (London Equities Newsroom)

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