Skanska to renovate and expand higher education building in USA for USD 117 M, about SEK 800 M
| Source:Skanska AB
Skanska has signed a contract to renovate and expand a higher education building
for a confidential client in the North East Region of USA. The contract value is
USD 117 M, SEK 800 M, which will be included in the order bookings for Skanska
USA Building for the third quarter 2012.
Skanska will build the 20,000 square meter project in two separate phases. Phase
One includes the construction of a 9,800 square meter addition to the base of
the current Law School Tower. Phase Two of the project will include a full
restoration of the existing 15,500 square meter facility. The building aims to
achieve LEED® Silver certification.
Construction for Phase One of the project will commence in December 2012 and is
scheduled for completion in May 2015. Phase Two is schedule to begin in June
2014 and is scheduled for completion in August 2015.
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
For further information, please contact:
Beth Miller, Communications Manager, Skanska USA, tel +917 438 4523
Edvard Lind, Group Press Officer, Skanska AB, tel: +46 (0)10-448 88 08
Direct line for media: +46 10 448 88 99
This and previous releases can also be found at www.skanska.com
Skanska AB may be required to disclose the information provided herein pursuant
to the Securities Markets Act.
Throughout 125 years, Skanska has been a modern and innovative developer and
contractor, building what society needs. Today, Skanska is one of the world’s
leading project development and construction groups with expertise in
construction, development of commercial and residential projects and public
-private partnerships. Based on its global green experience, Skanska aims to be
the clients' first choice for Green solutions. The Group currently has 53,000
employees in selected home markets in Europe, in the US and Latin America.
Headquartered in Stockholm, Sweden and listed on the Stockholm Stock Exchange,
Skanska's sales in 2011 totaled SEK 123 billion.
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