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Skanska AB: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
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Skanska AB signs contract to design and build new Kosciuszko Bridge in New York City
Skanska AB:Says it has signed a contract with New York State Department of Transportation to design and build new Kosciuszko Bridge.Total project value is $555 mln and Skanska will include its 45 pct share of the project value, about $250 mln, about 1.6 bln Swedish crowns, in order bookings for Skanska USA Civil for the second quarter.In Skanska-led venture with Kiewit and ECCO III Enterprises, Skanska will design and build new eastbound structures for Kosciuszko Bridge to carry Brooklyn-Queens Expressway between Morgan Avenue in Brooklyn and Long Island Expressway Interchange in Queens.Skanska will also perform demolition of existing bridge structures and buildings on acquired properties to clear right-of-way for construction activities.Project also includes reconstruction and realignment of local at-grade streets impacted by new construction or demolition activities; relocation of existing utilities from impacted local streets and construction of new drainage system and sewer facilities.Construction has begun and substantial completion is expected in early 2018.
Latest Developments for Skanska AB
- Skanska AB sells two development projects in Sweden
- Skanska AB extends metro line in Los Angeles, USA
- Skanska AB constructs new healthcare building in Uppsala, Sweden, for 1.2 bln Swedish Krona
- Skanska AB announces order cancellation in USA Building for a total of $161 mln, about 1.1 bln Swedish Crown
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