Skanska reaches financial close for M25, London’s Orbital Road
Skanska, as part of Connect Plus, has reached financial close for the widening of the M25 orbital road around London. The project is being carried out as a Public Private Partnership (PPP) and Skanska is part of the team responsible for the Design, Build, Finance and Operate (DBFO). This means that:
- Skanska receives a construction contract amounting to about GBP 500 M, about SEK 6 billion, which will be included in order bookings for the second quarter.
- Skanska will invest GBP 80 M, about SEK 965 M, throughout the construction period, corresponding to a 40-percent interest in Connect Plus