Under the terms of the contract, announced today by the Olympic Park Legacy Company, Balfour Beatty will be responsible for a range of services including estates and facilities management as well as operating the ArcelorMittal Orbit visitor attraction.
More than 200 new jobs are to be created through the deal with most of these filled by people from the local community, where Balfour Beatty’s training and support schemes will secure new long-term career opportunities in East London.
The contract value is £50m over the next ten years, although 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.