LONDON (dpa-AFX) - Balfour Beatty Plc (BBY.L) said it received a ten-year deal to run services and facilities for the future Queen Elizabeth Olympic Park in East London. The contract value is 50 million pounds over the next ten years.
Under the contract terms, Balfour Beatty will have overall responsibility for a range of services including estates and facilities management as well as operating the ArcelorMittal Orbit, the stunning new visitor attraction forming a centrepiece of what is earmarked as a great new park for London.
Additionally, Balfour Beatty said more than 200 new jobs are to be created through the deal with most of these filled by people from the local community, where its training and support schemes will secure new long-term career opportunities in East London.
Further scope extensions under discussion between Balfour Beatty WorkPlace and the Olympic Park Legacy Company may see the long-term value of the wider Olympic Park work grow significantly beyond the initial operational phase. The first phase starts with the opening of this summer's Olympic Games.
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© 2012 AFX News
