Skanska rebuilds beach boardwalks in New York City, USA, for USD 202 M, about SEK 1.3 billion

4/7/2014 9:45 AM CET
Press release

Skanska has signed a contract with New York City Economic Development Corporation (NYCEDC) to rebuild the Rockaway Beach boardwalk in New York City, USA. The contract value, USD 202 M, about SEK 1.3 billion, will be included in order bookings for Skanska USA Building for the first quarter of 2014.

Skanska will rebuild nearly 8 kilometers of the Rockaway Beach boardwalk, which was damaged during Hurricane Sandy in October 2012. NYCEDC is managing the project on behalf of New York City Department of Parks & Recreation.

Construction begins in April 2014 and substantial completion is expected in spring 2017.

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 North America, which develops public-private partnerships; and Skanska USA Commercial Development, which develops commercial projects in select U.S. markets. Headquartered in New York, Skanska USA has more than 9,600 employees and its 2013 revenues were SEK 43.5 billion.