Balfour Beatty bags £750m deal

Building group Balfour Beatty yesterday clinched a five-year contract worth up to £750m to upgrade Britain's electricity transmission network. The work involves maintaining and refurbishing overhead transmission lines, as well as designing and implementing National Grid's network upgrade plans. The company has an existing contract to carry out some work for the National Grid. This week Balfour was also named preferred bidder for an £800m contract to run a rubbish and recycling project in Essex.