A Balfour Beatty / Royal BAM consortium has been appointed as preferred bidder by the Republic of Ireland's National Roads Authority for the £250m N17 / N18 Gort to Tuam public-private partnership scheme.
The contract is a 25-year concession to design, build, finance and maintain around 57km of motorway between Gort and Tuam in the West of the Republic as part of the Atlantic road corridor.
The scheme includes 38 bridges and a major intersection with the new M6 Dublin to Galway inter-urban motorway.
Once financial close is reached, work on the project is expected to begin in early 2011, with completion of the construction contract scheduled for the end of 2014.
Balfour Beatty, which will invest equity of £17 million in the project, has a 50% share in the consortium.
Chief executive, Ian Tyler, said: "We are delighted to be named as preferred bidder for the delivery of this major infrastructure scheme in Ireland, which will significantly improve safety and reduce journey times. We look forward to working with our consortium partner, BAM, to deliver a first-class roads scheme, which will be our first in the Republic of Ireland."
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