Skanska delivers infrastructure improvement program in the UK, worth GBP 100 M, about SEK 1.3 billion

2/3/2015 8:30 AM CET
Press release

Skanska UK has in a joint venture with Balfour Beatty and MWH Treatment been awarded a contract as part of Thames Water’s eight20 alliance to deliver essential improvements to the company’s network over the next five years. The contract is in total worth about GBP 2-2.5 billion, about SEK 25-31 billion. The value to Skanska over the first two years will be about GBP 100 M, about SEK 1.3 billion, which will be included in order bookings for Skanska UK in the first quarter of 2015.

Thames Water is the largest water and waste water company in the UK.

The contract runs from April 1, 2015.

Skanska UK reported revenues of about SEK 13 billion in 2013. It has around 5,000 employees. The company is active in building and civil construction, utilities and building services, as well as facilities management and commercial development. In the UK, Skanska is a leader in public private partnerships, PPPs, also known as Privately Financed Initiatives, PFIs.