Balfour Beatty PLC (BBY.L) said it won a major contract in Melbourne, Australia as part of the NetworX Alliance team by Victoria's Road Authority. The Alliance includes international infrastructure group Balfour Beatty through its Rail division and Professional Services division, Parsons Brinckerhoff.
Accordingly, the 76.5 million pound contract would remove a pivotal rail/road level crossing in Melbourne, and aligns with Balfour Beatty's strategy to develop in growth geographies and market sectors.
NetworX is an alliance consisting of Balfour Beatty Rail, Parsons Brinckerhoff, McConnell Dowell and Beca. The team would work alongside VicRoads, Public Transport Victoria and Metro Trains Melbourne to design and build the project.
The company stated that the project to remove the level crossing would involve lowering the existing rail line beneath the road, which will reduce congestion, improve safety and cut journey times. A new station with transport interchange and associated precinct areas would be constructed as part of the project.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.