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Tue June 22 2021

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Balfour Beatty cashes out of Yorkshire road

19 Apr 16 Balfour Beatty has sold its 30% interest in the M1-A1 Link Road (Lofthouse to Bramham) DBFO road project to HICL Infrastructure Company Ltd for £14.5m.

The project is a 30-year shadow toll PFI concession for the design, construction, financing, operation and maintenance of a motorway linking the M1, M621 and M62 motorways to the south of Leeds and the A1(M) south of Wetherby.

The project reached financial close in March 1996 and the concession is due to end in March 2026. Operation and maintenance of the motorway continues to be undertaken by Balfour Beatty Civil Engineering.

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