Balfour Beatty wins $131m U.S. rail contract

May 23, 2014 - 9:48:27 am

LONDON: British infrastructure group Balfour Beatty has won a 78 million pound ($131.51 million) contract to build tracks and system components for North Carolina's Charlotte transit system.

The firm said construction was due to start in July and is expected to be completed in December 2016. The deal adds to a 63 million pound contract Balfour won on the rail project in February.

Earlier this month, Balfour warned its 2014 profits would be significantly lower than expected, prompting the immediate departure of its chief executive and a review of assets. (Reuters)