Skanska contracted to begin freeway expansion in San Diego, USA, for USD 89M, about SEK 810M

12/21/2018 7:30 AM CET
Press release

Skanska has, as part of a joint venture with Flatiron, Stacy and Witbeck, signed a contract with the California Department of Transportation to construct the second of three planned segments of Interstate 5 North Coast Corridor expansion project. Skanska will include its share of the contract, which represents USD 89M, about SEK 810 M, in the fourth quarter 2018.

This project includes adding high-occupancy vehicle (HOV) and auxiliary lanes to each direction of about 13 kilometres of Interstate 5 highway in north county San Diego, as well as drainage improvements and sound wall installations.

Construction of the project is scheduled to begin in November 2018 with completion scheduled in July 2021.

Skanska is one of the leading construction and development companies in the USA, specializing in building construction, civil infrastructure, public-private partnerships and commercial property developments in select US markets. Skanska USA had sales of SEK 59 billion in 2017 and has approximately 9,500 employees.