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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Balfour Beatty wins $889m Texas highway contract

(Sharecast News) - Balfour Beatty on Thursday said it had won a $889m contract from the Texas Department of Transportation to reconstruct part of Interstate 30 highway. Th UK construction company will rebuild a 3.7-kilometre section of the route on the east side of Dallas County. On completion, the scheme will increase the number of general-purpose lanes from six to 12 to improve congestion and connectivity across the city.

It will also construct nine crossings which will link I-30 with the Southern Gateway, the I-35E Lowest Stemmons and The Horseshoe, all of which Balfour Beatty completed over the last five years.

Preconstruction will commence in 2026 and is estimated to last five years until completion, Balfour said.

Reporting by Frank Prenesti for Sharecast.com

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