Weather Afternoon: 9°c Sunny spells Tonight: 5°c Partly Cloudy Night

Business

£400m road project win for Balfour Beatty

Robert Lea
23 Dec 2008


The Government's Keynesian response to the financial crisis has seen Britain's biggest road construction group Balfour Beatty get a £400 million Christmas present.

The Highways Agency has been told to speed up one of the country's major road-building contracts - the reworking of the A46 linking the East and West Midlands.

Balfour said today that the A46 Newark to Widmerpool project in Nottinghamshire has been identified for accelerated delivery under the Government's fiscal stimulus package.

The project to design and construct a new 18-mile two-lane dual carriageway will start early next year and involve major roadworks in the area until the end of 2011.

But there can be no guarantees the project might not be delayed - by archaeologists. The A46 is the Roman Fosse Way linking the ancient cities of Lincoln, Bath and Exeter. The last time they dug up the A46 near Newark they found Roman remains.

The A46 is regarded as a major strategic road link cutting across the A1, the M1, the M6, the M40 and the M4 on its route from the North-East to the South-West.

However, around Newark the road retains much of the qualities of a major artery of Roman Britain: straight but dangerously undulating.

Reader views (0)

 Add your view

No comments have so far been submitted.


Add your comment

 

Terms and conditions Make text area bigger You have  characters left.

We welcome your opinions. This is a public forum. Libellous and abusive comments are not allowed. Please read our House Rules.

For information about privacy and cookies please read our Privacy Policy.


 

 

  • Moody's threat to Europe's banks sparks fury in City Euro problem graph Moody's has sent shockwaves through the global banking system and sparked fury in the City, as the ratings agency threatened to slash the...
  • Bank's China bond call Peter Sands One of London's most senior bankers is calling on the government to issue a renminbi-denominated bond as part of a charm offensive to boost...
  • Seven Olympus bosses held over £1bn fraud Olympus "After going to hell and back this is a day to remember," said fired Olympus boss and whistle-blower Michael Woodford after seven executives...
  • Spain pays for rating cut Struggling Spain has managed to prise another €4 billion (£3.3 billion) from jittery bond markets today but was forced to pay more for the privilege
  • Kingfisher bonus time as targets are smashed B&Q Ian Cheshire, B&Q owner Kingfisher's chief executive, and his top team are set for bumper payouts after smashing its bonus scheme's targets
  • Greek impasse hits euro Greek protesters European stock markets were jittery and the euro has dropped to its lowest level in four weeks as the brinksmanship between Greece and its...
  • PPR thrives as luxury brands remain strong Handbag Add £1000 python skin Gucci handbags to the list of things that remain popular despite the economic gloom
  • BAE set to axe more jobs as profits go into retreat BAE BAE Systems has raised the prospect of further job cuts as Britain's biggest manufacturer announced a disappointing set of results for 2011...
  • Reed Elsevier sees growth despite tough economy Anglo-Dutch publishing and events group Reed Elsevier reported a rise in full year profit and said it expected to generate more revenue and profit growth in 2012
  • Frothy profits at Heineken Beer The economy might be in dire straits but Brits still love a pint down the pub
  •  
    Market Roundup
    THURSDAY UPDATE

    Unilever urged to go for a break-up after food disappoints

    Is it time for Unilever to consider breaking up?

    More