Skanska signs contract for previously announced subway project in New York for USD 400 M, about SEK 2.75 billion
The contract covering construction of the extension of the No. 7 Subway Line in New York has now been signed by S3 Tunnel Contractors, a joint venture in which Skanska is included. The contract amounts to USD 1.14 billion, approximately SEK 7.8 billion, of which Skanska’s share is 35 percent. Accordingly, Skanska is including USD 400 M, approximately SEK 2,750 M, in order bookings for the fourth quarter. The customer is MTA New York City Transit.