(PRESS RELEASE) STOCKHOLM, 11-Oct-2022 — /EuropaWire/ — Skanska (STO: SKA-B), a world leading project development and construction group, and its joint venture partner Railroad Construction Company, a major general contractor on the East Coast of the United States, have announced a new contract with the Metropolitan Transportation Authority, s a public benefit corporation responsible for public transportation in the New York City metropolitan area, for the improvement of a few subway stations in New York, NY, United States. The contract, worth in Skanska’s part some USD 150 million, (~SEK 1.5 billion and EUR 154 million), will be included in the US order bookings for the third quarter 2022.
Skanska will make improvements on the Flushing Line, including repair improvements at the 61st Street-Woodside station, replacement of existing escalators at the 61st Street-Woodside station and the 74th Street Broadway station and additional repairs between 48th Street and 72nd Street in Queens.
Work began September 2022 and expected completion is May 2025.
For further information please contact:
Maritza Ferreira, VP Communications, Skanska USA, tel +1 (678) 492 2003
Jacob Birkeland, Head of Media Relations and Public Affairs, Skanska AB,
tel +46 (0)10 449 19 57
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
SOURCE: Skanska AB