Skanska builds data center in Georgia, USA, for USD 238M, about SEK 2.5 billion

Rhea-AI Summary

Skanska has secured a contract to build a data center in Georgia, USA, valued at USD 238M (SEK 2.5 billion). The project includes constructing a 22,700 square-meter data center, associated site work, and underground utilities. The work is set to commence in June 2024 and finish by May 2026.

Positive

• Strong contract secured with an existing client for a substantial data center project in the USA, enhancing Skanska's presence and revenue stream.

• Project worth USD 238M signifies a significant boost in order bookings for the second quarter of 2024, positively impacting the company's financial performance.

• Construction work scheduled to begin in June 2024 demonstrates swift project initiation, potentially leading to timely completion by May 2026.

• The addition of an administration space and five data halls in the project scope may indicate expanded services and capabilities, potentially attracting more clients in the future.

Negative

• None.

STOCKHOLM, May 8, 2024 /PRNewswire/ -- Skanska has signed a contract with an existing client to build a data center in Georgia, USA. The contract is worth USD 238M, about SEK 2.5 billion, which will be included in the US order bookings for the second quarter 2024.

The project includes the construction of a 22,700 square-meter data center, associated site work, and underground utilities on an existing campus. The scope also includes a fitout of an administration space and five data halls.

Work will begin in June 2024 and is scheduled for completion in May 2026.

For further information please contact:
Ashley Jeffery, Communications Manager, Skanska USA, tel +1 813 459 3682
Andreas Joons, Press Officer, Skanska Group, tel +46 (0)10 449 04 94
Direct line for media, tel +46 (0)10 448 88 99

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

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https://news.cision.com/skanska/r/skanska-builds-data-center-in-georgia--usa--for-usd-238m--about-sek-2-5-billion,c3975229

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20240508 US data center Georgia

 

 

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SOURCE Skanska

FAQ

What is the value of the contract Skanska has signed?

Skanska has signed a contract worth USD 238M, about SEK 2.5 billion, to build a data center in Georgia, USA.

When will the construction work on the data center begin?

Construction work on the data center is scheduled to start in June 2024.

When is the completion date for the data center project in Georgia?

The data center project in Georgia is expected to be completed by May 2026.

Who can be contacted for further information about the project?

For further information about the project, contact Ashley Jeffery, Communications Manager, Skanska USA, at tel +1 813 459 3682.