Balfour Beatty (LSE:BBY) Awarded £363 Million Contract for Bramford to Twinstead Reinforcement Project

2 min read | September 13, 2024 07:45 AM BST | By Team Kalkine Media

Balfour Beatty (LSE:BBY), a leading international infrastructure group, has secured a £363 million contract from National Grid to undertake the Bramford to Twinstead Reinforcement project. This contract was awarded through National Grid's RIIO-2 framework and represents a significant step in enhancing the UK’s electricity network.

Project Scope and Objectives

The Bramford to Twinstead Reinforcement project is set to strengthen the electricity network across East Anglia, ensuring it can support the increasing demand for cleaner, greener electricity as the UK progresses towards its Net Zero targets. Balfour Beatty will replace the existing high voltage network between Bramford Substation in Suffolk and Twinstead Tee in Essex with a new 400-kilovolt overhead line extending 18 kilometers.

In addition to the overhead line, Balfour Beatty will also install 11 kilometers of underground cable through the Dedham Vale Area of Outstanding Natural Beauty and the Stour Valley, areas renowned for their natural beauty and ecological significance.

Environmental and Community Commitments

Balfour Beatty is committed to working closely with ecologists and conservationists to minimize disruption to local wildlife during the construction process. The company has pledged to achieve a 10% biodiversity net gain over the project’s lifecycle, reflecting its dedication to environmental sustainability.

Construction Timeline and Employment

Main construction is scheduled to start in the first half of 2025, with project completion anticipated in 2028. At the peak of construction, Balfour Beatty plans to employ over 200 people, including 10 apprenticeship and graduate positions, supporting its commitment to The 5% Club.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Limited, Company No. 12643132 (Kalkine Media, we or us) and is available for personal and non-commercial use only. Kalkine Media is an appointed representative of Kalkine Limited, who is authorized and regulated by the FCA (FRN: 579414). The non-personalised advice given by Kalkine Media through its Content does not in any way endorse or recommend individuals, investment products or services suitable for your personal financial situation. You should discuss your portfolios and the risk tolerance level appropriate for your personal financial situation, with a qualified financial planner and/or adviser. No liability is accepted by Kalkine Media or Kalkine Limited and/or any of its employees/officers, for any investment loss, or any other loss or detriment experienced by you for any investment decision, whether consequent to, or in any way related to this Content, the provision of which is a regulated activity. Kalkine Media does not intend to exclude any liability which is not permitted to be excluded under applicable law or regulation. Some of the Content on this website may be sponsored/non-sponsored, as applicable. However, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music/video that may be used in the Content are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music or video used in the Content unless stated otherwise. The images/music/video that may be used in the Content are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.


Sponsored Articles


Investing Ideas

Previous Next