Skanska builds bus depot in New York, USA, for USD 480M, about SEK 4.9B

Rhea-AI Summary

Skanska has secured a USD 480M contract from the Metropolitan Transportation Authority to construct the new Jamaica Bus Depot in Queens, New York. This project, included in the US order bookings for Q4 2022, will feature a LEED certified facility designed for a fully electric bus fleet. It comprises 272 parking spaces, multiple washing stations, and a new three-story administrative building. Work is set to begin in January 2023 and is expected to be completed by December 2026.

Positive

• Secured a USD 480M contract, improving financial outlook.
• Project aligns with sustainable development goals through LEED certification.

Negative

• None.

STOCKHOLM, Jan. 10, 2023 /PRNewswire/ -- Skanska has signed a contract with the Metropolitan Transportation Authority to build the new Jamaica Bus Depot in Queens, New York, USA. The contract is worth USD 480M, about SEK 4.9B, which will be included in the US order bookings for the fourth quarter of 2022.

The project includes the design and construction of the new LEED certified bus depot facility as well as the demolition of the existing Jamaica Bus Depot.

Designed to accommodate the transition to a 100% electric bus fleet, the new one-story bus terminal will include 272 standard bus equivalent parking spaces, three bus washing lanes, two chassis washing stations, an interior bus washing station, fifteen maintenance bays and rooftop bus parking.

The work will additionally include the construction of a new three-story administrative building on the northwest end of the site that will connect to the new depot via an enclosed bridge.

Work is slated to commence in January 2023 with expected completion in December 2026. 

For further information please contact:

Maritza Ferreira, VP Communications, Skanska USA, tel +1 (678) 492 2003

Matti Kataja, Acting Head of Media Relations and Public Affairs, Skanska AB, tel +46 (0)10 449 67 98

Direct line for media, tel +46 (0)10 448 88 99

This and previous releases can also be found at www.skanska.com.

The following files are available for download:

https://mb.cision.com/Main/95/3694967/1769357.pdf

20230110 US Jamaica Bus Depot

View original content:https://www.prnewswire.com/news-releases/skanska-builds-bus-depot-in-new-york-usa-for-usd-480m-about-sek-4-9b-301717439.html

SOURCE Skanska

FAQ

What is the value of the contract Skanska signed for the Jamaica Bus Depot?

The contract is worth USD 480M.

When is the expected completion date for the Jamaica Bus Depot project?

The expected completion date is December 2026.

What features will the Jamaica Bus Depot include?

The depot will include 272 bus parking spaces, washing stations, and a three-story administrative building.

When did work on the Jamaica Bus Depot project begin?

Work is slated to commence in January 2023.

How does the Jamaica Bus Depot project contribute to sustainability?

The project is designed to accommodate a 100% electric bus fleet and is LEED certified.