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| Balfour Beatty to improve US Air Force family housing Balfour Beatty, the international infrastructure Group, announces that Balfour Beatty Communities has been selected by the US Department of the Air Force as the "highest ranked offeror" for the privatisation of family housing under the Western Group military housing privatisation project, which includes four US Air Force bases. The four Air Force bases included in the project are Beale AFB located near Marysville, California; F.E. Warren AFB, located near Cheyenne, Wyoming; Malmstrom AFB, located near Great Falls, Montana; and Whiteman AFB, near Knob Noster, Missouri. The project is expected to have a 50-year term, commencing with a five-year initial development period, with estimated project costs valued at approximately US$350 million and covering an estimated 3,264 end-state housing units. Balfour Beatty Communities will invest approximately US$15 million of equity in the project. New housing construction will be undertaken by Balfour Beatty Construction US, in a programme which stretches to 2016. write your comments about the article :: © 2011 Construction News :: home page |