Skanska to build schools in the U.S. for USD 50 M, about SEK 340 M

9/25/2012 8:30 AM CET
Press release

Skanska has signed a contract with the Clover Park School District to build two new elementary schools on the grounds of Joint Base Lewis-McChord, near Lakewood, Wash. The contract value is USD 50 M, about SEK 340 M, which is included in order bookings for Skanska USA Building for the third quarter 2012.

The two elementary schools, Carter Lake and Hillside, will total more than 12,260 square meters. They will replace existing elementary schools that will remain operational during construction. The scope of work also includes demolition of the old school buildings and site work such as additional parking and new sports fields.

Work is under way on both schools, which will be completed in time for the 2013-14 school year.

Skanska USA is one of the leading development and construction companies in the country, consisting of four business units: Skanska USA Building, which specializes in building construction; Skanska USA Civil, specialized in civil infrastructure; Skanska Infrastructure Development, which develops public-private partnerships; and Skanska Commercial Development, which develops commercial projects in select U.S. markets. Headquartered in New York, Skanska USA has approximately 9,400 employees and its 2011 revenues were SEK 31.3 billion.