LONDON (Thomson Financial) - Balfour Beatty Plc. said a joint venture
involving its Balfour Beatty Rail (BBR) unit has received a letter of acceptance
for a 300-million-pound rail systems contract in Malaysia.
Balfour Beatty said the joint venture with Ansaldo STS., which will earn
around 160 million pounds for BBR, involves providing the rail electrification
and power supply systems package for the Ipoh to Padang Besar Double Tracking
Rail Extension.
The project will be executed through BBR's Malaysian business, Balfour
Beatty Rail Sdn Bhd, in joint venture with Ansaldo.
This project is part of a large railway investment by the Malaysian
government to create a modern railway connection between Kuala Lumpur and the
Thai border, with the long-term objective of establishing a Pan-Asian link
connecting Singapore to China, Balfour Beatty said.
The project is expected to be completed by January 2013.
TFN.newsdesk@thomson.com
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