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| Balfour Beatty JV signs Thames Water contract Balfour Beatty, the international infrastructure group, announces that the Balfour Beatty joint venture with Skanska and MWH Treatment (known as SMB), has signed a five year contract with Thames Water, with an option to extend for a further five years. The initial £800 million contract covers the AMP 6 regulatory period, running from April 2015 to March 2020. As a one third partner in the SMB joint venture, the value to Balfour Beatty is approximately £265m over the initial five years. This follows on from a two year Early Contractor Involvement phase that started in March 2013. The SMB joint venture is providing water asset solutions as part of Thames Water's 'super-alliance', known as eight2O. AMP6 involves creating and maintaining the necessary water infrastructure across the Thames Water's network, including pipes, pumping stations and water treatment works, in order to meet commitments to Thames Water's customers and the water regulator, Ofwat. write your comments about the article :: © 2015 Construction News :: home page |