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| Centex Construction awarded $500 million contract UK construction giant Balfour Beatty announces that Centex Construction, the leading US builder which it agreed to acquire on 1 February 2007, has been awarded a $525 million contract for the US Navy South-East privatised housing project. The contract, won with its long-term partners, GMH, a leading US concession company in the field of privatised military and student housing projects, is for accommodation at 11 Navy bases in five states and involves some 2,100 individual housing units, community centres and additional amenity features. This is one of the largest military housing schemes let to date and is Centex's eleventh such scheme. Construction work will commence in November 2007 and is due for completion by December 2012. Work will be undertaken at naval bases in South Carolina, Georgia, Florida, Massachusetts and Texas. The award takes Centex's military housing order book to over $1.2 billion. write your comments about the article :: © 2007 Construction News :: home page |