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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