Finance
UK's Balfour Beatty secures $889 million Texas highway contract
Published by Global Banking & Finance Review®
Posted on April 24, 2025
2 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on April 24, 2025
2 min readLast updated: January 24, 2026
Balfour Beatty wins a $889 million contract to reconstruct part of Interstate 30 in Texas, with work starting in 2026.
(Reuters) -British construction and infrastructure group Balfour Beatty said on Thursday it had secured a contract worth $889 million from the Texas Department of Transportation to reconstruct part of the state's Interstate 30 highway.
Under the contract, the London-headquartered company said it will reconstruct a 3.7 kilometre (2.3 miles) section of the route on the east side of Dallas County in Texas. Pre-construction for the project, which is expected to last five years, will begin in 2026, it added.
Balfour Beatty, which also provides military housing and student accommodation in the United States, was awarded a similar contract by Texas last November for a different highway.
U.S. President Donald Trump's America-first rhetoric has rattled global markets and raised fears of a recession as he ramps up his trade war with eye-popping tariffs that are attracting hefty reciprocal levies.
The U.S. is the company's second-biggest market in terms of revenue, accounting for nearly half of total revenue in 2024 after the UK.
According to its latest annual report, Balfour Beatty's services in the U.S. are associated with a total of 55 U.S. Government military bases.
In 2021, its U.S. business, Balfour Beatty Communities, had pleaded guilty to defrauding the U.S. military and agreed to pay over $65 million in fines and restitution.
(Reporting by Pushkala Aripaka in Bengaluru; Editing by Rashmi Aich)
The article discusses Balfour Beatty securing a $889 million contract for highway reconstruction in Texas.
The project involves reconstructing a 3.7 km section of Interstate 30 in Dallas County, Texas.
This contract highlights Balfour Beatty's strong presence in the US market, which is its second-largest by revenue.
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