ÖSTERSUND, Sweden--(BUSINESS WIRE)--Skanska (STO:SKAB) has signed a USD 89 M, about SEK 573 M, contract with the Massachusetts Department of Transportation (MassDOT) to design and rehabilitate the historic Longfellow Bridge. The project is a joint venture with J.F. White Contracting Company and Consigli Construction. The total project value is USD 255 M, about SEK 1.6 billion. Skanska will include its full 35 percent share of the contract, totaling USD 89 M, about SEK 573 M, in order bookings for Skanska USA Civil for the first quarter 2013.
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 8,300 employees and its 2012 revenues were SEK 37.3 billion.
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 premises, and public-private partnership projects. Based on its global green experience, Skanska aims to be the client’s first choice for green solutions. The group currently has 57,000 employees in selected home markets in Europe, the US and Latin America. Skanska's sales in 2012 totalled SEK 132 billion.
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