(PRESS RELEASE) STOCKHOLM, 24-Aug-2022 — /EuropaWire/ — Skanska (STO: SKA-B), a world leading project development and construction group, has announced it will upgrade 6.6 kilometer stretch of the A46 Newark Bypass in the Midlands region, UK as part of a new contract, worth GBP 345 million, about SEK 4.3 billion or EUR 410 million, the company signed with National Highways. The project will be included in the order bookings for Europe in the third quarter 2022.
The project will deliver a dual carriageway A46 Bypass, providing two lanes in each direction, between the Farndon and Winthorpe junctions. Works will also include the construction of a new five-arm roundabout at Winthorpe and traffic lights at Farndon junction to improve traffic flows during peak hours. A new bridge will be built over the A1, and a flyover installed at Cattle Market.
The A46 Newark Bypass is an important route connecting the M1 and Leicester to the A1 and central Lincolnshire. This project will provide a more reliable and resilient road network.
Skanska will begin design works in 2022. Subject to Development Consent being granted, construction work on site will start in 2025 and the scheme is due to open for traffic in 2028.
For further information please contact:
Louisa Perry, Head of Corporate Communications, Skanska UK, tel +44 7407 802 546
Matti Kataja, Press Officer, Skanska AB, tel +46 10 449 67 98
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
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SOURCE: Skanska AB