Skanska secures two construction contracts in the U.S. for a total of USD 82 M, approximately SEK 575 M

11/22/2010 8:30 AM CET
Press release

Skanska has secured two construction assignments in the U.S. The total contract amount is USD 82 M, approximately SEK 575 M, which will be included in order bookings for the fourth quarter.

One of the contracts amounts to USD 41.3 M and is for a university building in Storrs, Connecticut. The 14,500-square-meter four-story building, which will include classrooms and lecture halls, will be constructed at the heart of the university campus, thereby placing high demands on logistics and safety. The client is University of Connecticut.

The project is designed to meet the requirements of the LEED Silver level of the LEED international environmental certification system. Work will commence this year and the project is scheduled for completion in July 2012.

The second contract amounts to USD 40.6 M and involves a four-story office building, with an adjacent one-story building and a parking garage to accommodate 200 cars. The client is the developer The Molasky Group of Companies on behalf of a government tenant. 

The project, which is located close to the airport in Portland, Oregon, will be completed in 2012.

Skanska USA is a leading company in building and project development in the US. Skanska USA consists of four business units: Skanska USA Building, specializing in building construction, Skanska USA Civil, which is focused on infrastructure building; Skanska Infrastructure Development, which develops projects in public-private-partnerships and Skanska Commercial Development, which develops commercial properties in selected cities. Skanska USA is based in New York and has a total of about 7,000 employees. In 2009, revenues in the US amounted to approximately SEK 44 billion.