(PRESS RELEASE) STOCKHOLM, 7-Apr-2022 — /EuropaWire/ — Skanska (STO: SKA-B), a world leading project development and construction group, has announced the company signed a contract with Rhode Island Department of Transportation (RIDOT) as part of a joint venture with JH Lynch, a Rhode Island based premiere infrastructure construction company, for the reconstruction of Route 146 between 1-295 and Route 146A, and realign the Route 146/146A interchange in Rhode Island, United States. The total contract is worth USD 167M. Skanska’s share of the contract is worth USD 84M, about SEK 780M (EUR 77 million), which will be included in the US order bookings for the Q1 of 2022.
The project includes the staged construction of Route 146 along with construction of a new flyover bridge and other structures. In addition, Skanska will perform bridge rehabilitation, roadway reconstruction, new bridge construction, retaining wall construction, drainage construction, utility relocation, handling and disposing of contaminated materials and milling and paving of about 13 kilometers of Route 146 to the Massachusetts border.
When completed, the project will improve traffic safety, restore critical infrastructure to a state of good repair, reduce congestion, increase system reliability, and enhance freight movement for economic vitality in the region.
Construction will begin in late 2022 and is scheduled for completion in November 2025.
Brittany Felteau, Communications Director, Skanska USA, tel +1 617 574 14 85
Andreas Joons, Press Officer, Skanska AB, tel +46 (0)10 449 04 94
Direct line for media, tel +46 (0)10 448 88 99
This and previous releases can also be found at www.skanska.com.
Skanska Group uses knowledge & foresight to shape the way people live, work, and connect. Over 135 years in the making, we’re one of the world’s largest project development and construction companies, with 2021 revenue totaling SEK 148 billion. We operate across select markets in the Nordics, Europe and USA. Together with our customers and the collective expertise of our 30,000 teammates, we create innovative and sustainable solutions that support healthy living beyond our lifetime.