Skanska builds underground transitway in Los Angeles, USA, for USD 574 M, about SEK 3.8 billion
ET | Source:Skanska AB
Skanska has, in joint venture with Traylor Brothers, Inc., signed a contract
with the Los Angeles County Metropolitan Transportation Authority to construct
the Regional Connector, an underground transitway in downtown Los Angeles, USA.
The total contract value for the joint venture company Regional Connector
Constructors is USD 918 M, about SEK 6 billion. Skanska USA Civil will include
its full USD 574 M share, about SEK 3.8 billion, in order bookings for the
second quarter of 2014.
The Regional Connector project consists of the design and construction of a 3
-kilometer double track light rail transit subway in downtown Los Angeles with
three new stations.
Construction work will start immediately and is expected to be completed in
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
For further information, please contact:
Jay Weisberger, Skanska USA, tel + 1 206 494 5469
Edvard Lind, Head of Media Relations, Skanska AB, tel +46 (0)10-448 88 08
Direct line for media: tel +46 (0)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.
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 57,000 employees in selected home markets in Europe, in the US and
Headquartered in Stockholm, Sweden and listed on the Stockholm Stock Exchange,
Skanska's sales in 2013 totaled SEK 136 billion.
GlobeNewswire, a Nasdaq company, is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
2321 Rosecrans Avenue.
El Segundo, CA 90245 Phone: (800) 307-6627 Fax: (800) 307-3567
25 Basinghall Street,
London EC2V 5HA
UK Phone: +1 866-465-8454