LONDON--Balfour Beatty PLC (BBY.LN), a construction group, Wednesday said its joint venture with peer VINCI SA (VCISY) has won a U.K. motorway contract worth up to GBP607.4 million ($949 million).

The venture will deliver motorway upgrades to a 10-mile stretch of the M5 Junctions 4a to 6 in Worcestershire, a 12-mile section of the M6 Junctions 2 to 4 in the Midlands region, and a 32-mile stretch of the M4 Junctions 3 to 12 in London and Berkshire, it said.

Balfour Beatty shares closed Tuesday at 230.9 pence, valuing the company at GBP1.59 billion.

 
--Write to Simon Zekaria at simon.zekaria@wsj.com

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