Balfour Beatty Wins Major Texas Highway Contract
(Reuters) -British construction and infrastructure group Balfour Beatty said on Thursday it had secured a contract worth $889 million from the Texas Department of Transportation to reconstruct part of the state's Interstate 30 highway.
Under the contract, the London-headquartered company said it will reconstruct a 3.7 kilometre (2.3 miles) section of the route on the east side of Dallas County in Texas. Pre-construction for the project, which is expected to last five years, will begin in 2026, it added.
Balfour Beatty, which also provides military housing and student accommodation in the United States, was awarded a similar contract by Texas last November for a different highway.
U.S. President Donald Trump's America-first rhetoric has rattled global markets and raised fears of a recession as he ramps up his trade war with eye-popping tariffs that are attracting hefty reciprocal levies.
The U.S. is the company's second-biggest market in terms of revenue, accounting for nearly half of total revenue in 2024 after the UK.
According to its latest annual report, Balfour Beatty's services in the U.S. are associated with a total of 55 U.S. Government military bases.
In 2021, its U.S. business, Balfour Beatty Communities, had pleaded guilty to defrauding the U.S. military and agreed to pay over $65 million in fines and restitution.
(Reporting by Pushkala Aripaka in Bengaluru; Editing by Rashmi Aich)
