Skanska Secures $834M Contract for I-405 Corridor Expansion Project in Washington

Skanska Secures $834M Contract for I-405 Corridor Expansion Project in Washington

(IN BRIEF) Skanska has entered into a contract with the Washington State Department of Transportation (WSDOT) to enhance and operationalize a 7.2-kilometer stretch of the I-405 corridor in Bothell, Washington. The contract is valued at USD 834 million (SEK 8.8 billion) and will be part of Skanska’s US order bookings for Q3 2023. The project, known as the I-405, Brickyard to SR 527 Improvement Project, aims to establish a dual express toll lane (ETL) system from one interchange to another. This endeavor encompasses the addition of new lanes, direct access ramps, improvements to interchanges, support infrastructure for the Stride Bus Rapid Transit program, and the installation of new fish passage culverts.

(PRESS RELEASE) STOCKHOLM, 6-Sep-2023 — /EuropaWire/ — Skanska has signed a contract with the Washington State Department of Transportation (WSDOT) to expand and make operational and multimodal improvements to 7.2 kilometers (4.5 miles) of the I-405 corridor in Bothell, Washington, USA. The contract is worth USD 834M, about SEK 8.8 billion, which will be included in the US order bookings for the third quarter of 2023.

The purpose of the I-405, Brickyard to SR 527 Improvement Project is to create a dual express toll lane (ETL) system from south of the I-405/SR 522 interchange to the I-405/SR 527 interchange. This project includes new lanes, direct access ramps, interchange improvements, infrastructure in support of Stride Bus Rapid Transit program, and new fish passage culverts within the project vicinity.

Construction is anticipated to begin in November 2023 and with expected completion in late 2028.

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

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Skanska USA
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SOURCE: Skanska