Skanska to construct first phase of new subway line in New York for USD 337 M of which Skanska’s share amounts to USD 126 M, SEK 885 M

3/22/2007 8:39 AM CET
Press release

Skanska has been contracted to manage and carry out construction of the new Second Avenue Subway Line project in New York City on Manhattan’s East Side. The contract amount is USD 337 M, about SEK 2.3 billion, of which Skanska’s share is 37.5 percent, corresponding to SEK 885 M. The order is included in order bookings for the first quarter of 2007. The customer is MTA/New York City Transit, which is receiving Federal funding for the project.