Bechtel consolidates focus on infrastructure

GLOBAL construction and engineering giant Bechtel will combine its civil segment with most of its power business divisions to adapt to a forecast increase in market demand for integrated infrastructure projects.

Marion Lopez

Its infrastructure global business unit will be among the company’s largest and is expected to better position Bechtel to meet the infrastructure needs of customers in key markets.

“Markets are changing and it’s crucial for us to adapt so that we can continue to deliver the world-class projects customers expect from us,” Bechtel CEO Bill Dudley said.

“The cities and industrial areas of tomorrow increasingly will be designed and built with roads, airports, ports, rail, water systems, communications and power integrated into an overall plan.

“The infrastructure global business unit will be able to meet that need seamlessly.”

The infrastructure GBU will operate through various business lines, each focusing on water/marine infrastructure, roads/tunnels, power, aviation and rail.

The reorganisation triggered some leadership reshuffling, with Bechtel power business president Toby Seay appointed as president of the infrastructure GBU, which will be headquartered in London.

Bechtel civil business president Peter Dawson will become Bechtel’s head of corporate services and chief financial officer, a position he held previously.

Dawson succeeds Mike Adams, who will lead new strategic projects and report to the CEO.

The reorganisation and leadership changes will take effect from January 1 next year.