Skanska to build a pipeline for concentrate transport in Chile for USD 67 M, about SEK 432 M

4/11/2013 8:30 AM CET
Press release

Skanska has been awarded a contract to build a pipeline for concentrate transport in Antofagasta, Chile. The contract will be carried out by a special purpose company formed by Skanska Chile and Conduto, a local company. The total amount of the contract is USD 112 M, about SEK 720 M, of which Skanska’s share is 60 percent, amounting to a total of USD 67 M, about SEK 432 M. The customer is Minera Escondida Ltda (BHP Billiton), and the order will included in order bookings for Skanska Latin America for the first quarter 2013.

Skanska will be responsible for the pre-construction and construction of a pipeline for concentrate transport, to move minerals from Escondida Mine (170 kilometer from Antofagasta City) to Coloso Port.

Work has started and is estimated to be completed in the first quarter 2014.

Skanska Latin America is one of the region’s leading contractors. Operations focus primarily on engineering, construction, operation and maintenance services for the international oil & gas, energy and mining industries. In 2012, with about 13,000 employees, had revenues of around SEK 8.2 billion.