Balfour Beatty awarded UK road PPP

The construction and infrastructure development company has achieved financial close on the Carlisle Northern Development Route PPP in the north of England. Balfour Beatty is set to invest £11 million of equity in the project.

Balfour Beatty has reached financial close on a road PPP project in the north of England. The value of the project over its entire life is around £176 million (€205 million; $289 million).

The company’s wholly-owned special purpose subsidiary Connect CNDR has signed a deal with procuring authority Cumbria County Council for the Carlisle Northern Development Route scheme.

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