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MarketScreener Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  Skanska AB    SKA B   SE0000113250

SKANSKA AB

(SKA B)
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Skanska : builds the Interstate 95 Northbound Viaduct replacement in Providence, USA, for USD 106 M, about SEK 932 M

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09/17/2020 | 02:31am EDT

Skanska has, as part of a joint venture with Manafort Brothers, Inc., signed a contract with the Rhode Island Department of Transportation (RIDOT) to replace an elevated section of northbound Interstate 95 (I-95) in Providence, USA. The total contract is worth USD 212 M. Skanska will include its USD 106 M portion of the contract, about SEK 932 M, in the US order bookings for the third quarter 2020.

The design-build project, located in the heart of downtown Providence, will optimize traffic operations by replacing the viaduct, and associated ramp and overpass structures. The contract includes staged bridge demolition and construction, bridge preservation, roadway reconstruction, etc. The Providence Viaduct spans the Woonasquatucket River, Amtrak Northeast Corridor, city roads, and interchange ramps.

Construction began in July 2020 and is scheduled for completion in December 2024.

Skanska is one of the leading construction- and development companies in USA, specializing in building construction, civil infrastructure and developing commercial properties in select U.S. markets. Skanska USA had sales of SEK 74 billion and about 7,900 employees in its operations in 2019.

For further information please contact:

Brittany Felteau, Communications Manager, Skanska USA, tel +1 617 574 14 85

Olof Rundgren, Media Relations Manager, Skanska AB, tel +46 (0)72 711 77 48

Direct line for media, tel +46 (0)10 448 88 99

This and previous releases can also be found at www.skanska.com.

Skanska is a world leader in construction and project development on select markets in the Nordic region, Europe and USA. Driven by the Group's values, Skanska wants to contribute to a better society. Skanska provides innovative, sustainable solutions for both simple and complex assignments. Skanska has about 35,000 employees, and 2019 revenue totalled SEK 177 billion.

https://news.cision.com/skanska/r/skanska-builds-the-interstate-95-northbound-viaduct-replacement-in-providence--usa--for-usd-106-m--a,c3195254

https://mb.cision.com/Main/95/3195254/1307063.pdf

(c) 2020 Cision. All rights reserved., source Press Releases - English


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Sales 2020 163 B 18 657 M 18 657 M
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