Skanska Partners on $389M I-15 Express Lanes Project to Boost Traffic Flow in California

Skanska Partners on $389M I-15 Express Lanes Project to Boost Traffic Flow in California

(IN BRIEF) Skanska, alongside Coffman Specialties, has been awarded a $389 million contract to construct new express lanes on the I-15 corridor in San Bernardino, California, with Skanska’s share amounting to $336 million. Spanning 17.4 kilometers, the project includes price-managed tolled lanes in both directions to address high traffic volumes and significant truck usage. These upgrades aim to improve connectivity, ease congestion, and shorten travel times. Construction begins in January 2025, with completion anticipated by July 2028.

(PRESS RELEASE) STOCKHOLM, 13-Dec-2024 — /EuropaWire/ — Skanska, in partnership with Coffman Specialties, has secured a contract with the San Bernardino County Transportation Authority to undertake the Interstate 15 (I-15) Corridor Freight and Express Lanes Project in Ontario, California. The contract’s total value is USD 389 million, with Skanska’s share amounting to USD 336 million (approximately SEK 3.5 billion), which will be included in the company’s US order bookings for the fourth quarter of 2024.

This initiative aims to enhance the I-15 corridor by constructing two new express lanes along the median of the San Bernardino stretch. The project involves the development of 17.4 kilometers of price-managed tolled express lanes in both the northbound and southbound directions. These additions are designed to accommodate high traffic volumes and a significant proportion of interstate truck traffic.

The improvements will create a seamless connection to the Riverside County I-15 express lanes, alleviating traffic congestion, improving overall traffic flow, and reducing travel times for commuters and freight transport. This infrastructure upgrade is expected to bring substantial benefits to one of California’s busiest transportation routes.

Construction activities are scheduled to commence in January 2025, with the project slated for completion in July 2028. This development underscores Skanska’s ongoing commitment to addressing critical infrastructure needs while enhancing mobility and efficiency for road users.

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.

Media Contacts:

Meghan Carvalho, Communications Manager, Skanska USA, tel +1(951) 675 2337
Andreas Joons, Press Officer, Skanska Group, tel +46 (0)10 449 04 94
Direct line for media, tel +46 (0)10 448 88 99

SOURCE: Skanska