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Oct. 15, 2019, 12:34 p.m. EDT

Balfour Beatty Awarded $203 Million Contract by North Carolina Department of Transportation for U.S. 70 Improvement Project

Balfour Beatty has been awarded a $203 million design-build contract by the North Carolina Department of Transportation (NCDOT) to improve traffic on a 5.1-mile stretch of U.S. 70 in James City in Craven County. The project will upgrade the section of U.S. 70, which is one of the primary east-west corridors across eastern North Carolina, to interstate standards.

The project is designed to improve access to local community services and enhance economic development in the area. According to NCDOT, U.S. 70 provides an important connection between the port at Morehead City, military bases in Havelock and Goldsboro and the Global TransPark in Kinston.

“Our southeast region team’s design-build expertise and unique ability to self-perform both the structures and roadway scope make this U.S. 70 improvement project a strategic fit,” said Mark Johnnie, vice president and southeast region manager for Balfour Beatty’s U.S. civil construction operations. “We’re honored to once again serve as NCDOT’s construction partner as we begin work to deliver another successful project for this client.”

Design and right-of-way acquisition is scheduled to begin in late 2019, and construction is expected to commence in early 2021. The work is expected to be complete in the fall of 2023.

About Balfour Beatty

Balfour Beatty is an industry-leading provider of general contracting, at-risk construction management and design-build services for public and private sector clients across the United States. Performing heavy civil and vertical construction, the company is part of Balfour Beatty plc /zigman2/quotes/202863772/delayed UK:BBY +0.69% , a leading international infrastructure group that provides innovative and efficient infrastructure that underpins our daily lives, supports communities and enables economic growth. Balfour Beatty is ranked among the top contractors in the United States as ranked by Engineering News-Record . To learn more, visit www.balfourbeattyus.com .

View source version on businesswire.com: https://www.businesswire.com/news/home/20191015005944/en/

SOURCE: Balfour Beatty

Matt Averitt
Balfour Beatty
(214)451-1030
maveritt@balfourbeattyus.com

Copyright Business Wire 2019

/zigman2/quotes/202863772/delayed
UK : U.K.: London
261.00 p
+1.80 +0.69%
Volume: 829,930
July 10, 2020 4:35p
P/E Ratio
13.83
Dividend Yield
0.80%
Market Cap
£1.79 billion
Rev. per Employee
N/A
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