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Skanska AB Receives Utilities Maintenance Contract in UK in Partnership with Morrison Utility Services


Wednesday, 19 Dec 2012 02:45am EST 

Skanska AB announced that Skanska UK has been awarded an eight-year contract, in partnership with Morrison Utility Services, to help deliver National Grid's gas mains replacement program and associated activities in the UK (United Kingdom). The total amount of the contract is GBP 1.6 billion, about SEK 17.7 billion. Skanska‚Äôs share amounts to GBP 800 million, about SEK 8.6 billion, out of which GBP 200 million, about SEK 2.1 billion will be booked in the fourth quarter of 2012. The joint team will be responsible for two of four regional areas in England: the East of England and North London. The contract includes pipe replacement, connections, diversions, reinforcements, other capital asset replacement activities and resource provision. Work is scheduled to start on April 1, 2013 and end on March 31, 2021. 

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