Skanska Secures $612M Contract for South Brooklyn Marine Terminal Upgrade

EQUINOR

(IN BRIEF) Skanska has finalized a $612 million contract with SBMT Asset, LLC for the upgrade of the South Brooklyn Marine Terminal in New York, USA. The project aims to transform the terminal into one of the largest offshore wind ports in the country, supporting the development of Equinor’s Empire Wind project. The scope includes demolishing existing structures, dredging berths, upgrading bulkheads, constructing new wharf and dock facilities, and building infrastructure for offshore wind staging. With preconstruction underway since January 2023, this contract extends Skanska’s involvement in the project until 2026, marking a significant step in bolstering renewable energy infrastructure in the region.

(PRESS RELEASE) STOCKHOLM, 26-Apr-2024 — /EuropaWire/ — Skanska has signed the final award with SBMT Asset, LLC for the upgrade of the South Brooklyn Marine Terminal in Brooklyn, New York, USA. This award is worth USD 612M, about SEK 6.4 billion, which will be included in the US order bookings for the second quarter of 2024.

The project will transform the South Brookyln Marine Terminal into one of the largest dedicated offshore wind ports in the USA and support Empire Wind, which is currently being developed by Equinor 24 to 48 kilometers (15 to 30 miles) off New York.

This award will facilitate the demolition of existing buildings, dredging of new and existing berths, bulkhead upgrades and installation of new wharf and dock facilities. It also includes infrastructure improvements, new heavy lift crane pads, and the construction of an offshore wind staging area, as well as the construction of a new operations and maintenance building.

Prior awards for early commitments and long lead items for this project amounts to USD 249M, about SEK 2.6 billion. Preconstruction began in January 2023 and construction activities covered by this award will extend into 2026.

This and previous releases can also be found at www.skanska.com.

Skanska Group uses its knowledge and foresight to shape the way people live, work, and connect. We are one of the world’s largest project development and construction companies, with 2023 revenue totaling SEK 157 billion. We operate across select markets in the Nordics, Europe and USA. Together with our customers and the collective expertise of our approximately 27,000 teammates, we create innovative and sustainable solutions that support healthy living beyond our lifetime.

Media Contacts:

Chris Mckniff
Communications Director, Skanska USA
tel +1 (347) 409 2719

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 AB