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| Balfour Beatty subsidiary wins CNDR concession contract Balfour Beatty, a London engineering and construction firm, announces that its wholly-owned subsidiary, Connect CNDR, has reached financial close for the £176 million Carlisle Northern Development Route (CNDR) public private partnership (PPP) concession contract for Cumbria County Council. The CNDR contract is a 30-year concession during which time Connect CNDR will be responsible for the design and construction of an 8.25km two-way single carriageway road from the M6 Junction 44 to the A595 southwest of Carlisle and the management, operation and ongoing investment in approximately 150km of other existing roads in Cumbria. Balfour Beatty will invest approximately £11 million of equity in the project. write your comments about the article :: © 2009 Construction News :: home page |