Balfour Beatty wins share of $2bn LAX airport shuttle contract

Balfour Beatty wins share of $2bn LAX airport shuttle contract

Balfour Beatty wins share of $2bn LAX airport shuttle contract

Balfour Beatty plc (LON:BBY) has announced that a joint venture has won a US$1.95bln contract for the building, financing and managing of an airport transit system at Los Angeles International Airport (LAX).

The company noted that the design and build works will include a 2.25-mile, above ground airport transport system connecting the LAX central terminal area to the to-be-constructed consolidated rental auto facility as well as six stations and a vehicle maintenance facility.

The FTSE 250-listed infrastructure firm added that, once completed, the system will be able to operate up to nine trains simultaneously, with moving walkways to the terminals and parking garages.

The design and build element of the contract has been awarded to the LAX Integrated Express Solutions (LINXS) joint venture comprising of Balfour Beatty (30 percent), Fluor Corporation (30 percent), Flatiron West (20 percent) and Dragados USA (20 percent).

Leo Quinn, Balfour Beatty's chief executive, said: "This award at LAX, one of the world's busiest airports, recognises our expertise and track record for delivering critical transportation infrastructure".

The project marks Balfour Beatty Investment's "first major public-private partnership in the USA civil infrastructure market", the company said in a market announcement.

That contrasts with its fellow construction firm Carillion, which tried to buy Balfour Beatty in 2014 but collapsed into liquidation last month.

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