Balfour Beatty, has been awarded, in joint venture, a £1.4bn design, build, finance, operate and maintain contract for the 'Automated People Mover' at Los Angeles International Airport (LAX) by Los Angeles World Airports (LAWA).
The design and build element of the contract has been awarded to the LAX Integrated Express Solutions (LINXS) joint venture comprising of Balfour Beatty, Fluor Corporation, Flatiron West and Dragados USA.
The works will include a 2.25-mile, above ground airport transport system connecting the LAX central terminal area to the to-be-constructed consolidated rental car facility as well as six stations and a vehicle maintenance facility.
Once completed, travellers will enjoy a transportation system that operates up to nine trains simultaneously and moving walkways to the terminals and parking garages.
LINXS equity members include Balfour Beatty Investments (27%), Fluor Enterprises (27%), Hochtief PPP Solutions GmbH (18%), ACS Infrastructure Development (18%) and Bombardier Transportation (Holdings) USA (10%).
The project represents Balfour Beatty Investments' first major public-private partnership in the US civil infrastructure market.
In early morning trading, Balfour Beatty shares were up almost 2% at 277.47.