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Skanska AB to Build Marine Transfer Facility in New York City in Joint Venture with Trevcon Construction


Thursday, 3 Jan 2013 02:30am EST 

Skanska AB announced that in a joint venture with Trevcon Construction, the Company will build a new facility on the East River in Manhattan called the East 91st Street Marine Transfer Station. The client is the New York City Department of Design and Construction, on behalf of the New York City Department of Sanitation. The total contract is worth USD 181 million, approximately SEK 1.2 billion. Skanska will include its full contract amount, USD 146 million, approximately SEK 990 million, in the order bookings for Skanska USA Civil for the fourth quarter of 2012. The Company will complete the demolition of the existing facility and access ramp, build a new approximately 8,000 square meter facility, and reconstruct a new access ramp. Work will begin in December 2012 and is expected to be complete by March 2016. 

Company Quote

161.1
1.5 +0.94%
11:29am EST