Balfour Beatty and Carillion win roads contract worth up to £292m

 
Caitlin Morrison
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A JOINT venture between construction groups Balfour Beatty and Carillion has won a Highways England contract to upgrade part of the A14.

The companies expect the deal to generate around £292m in revenue for the joint venture.

The construction package is part of the wider A14 Cambridge to Huntingdon improvement scheme, to which the government has pledged a £1.5bn investment.

The initial contract, won by the 50:50 Balfour Beatty Carillion firm, is valued at almost £500,000, with the full contract award subject to statutory approval of the project.

Construction work is expected to start in late 2016, with the upgraded A14 open to traffic in 2020.