Skanska builds integrated science center in Virginia, USA, for USD 79.5M, about SEK 830M

Rhea-AI Summary

Skanska has secured a USD 79.5M contract to build a science center for the College of William and Mary in Williamsburg, Virginia. The project involves a 38,000 square meter facility to support STEM education and research, alongside a renovation of an existing 3,000 square meter center. Construction is set to commence in February 2023 and aims for completion by July 2025. This contract will contribute to Skanska’s US order bookings for the first quarter of 2023, valued at approximately SEK 830M.

Positive

• Secured a contract worth USD 79.5M, enhancing revenue.
• Project supports STEM initiatives, potentially attracting future students.
• Completion by July 2025 could improve facilities for educational programs.

Negative

• None.

STOCKHOLM, Feb. 6, 2023 /PRNewswire/ -- Skanska has signed a contract with the College of William and Mary to build a science center in Williamsburg, Virginia, USA. The contract is worth USD 79.5M, about SEK 830M, which will be included in the US order bookings for the first quarter of 2023.

The project includes construction of a new 38,000 square meter cutting-edge multi-function teaching and research facility and renovation of the existing 3,000 square meter science center.

The project will accommodate Mathematics, Computer Science, Kinesiology and the new Design and Engineering undergraduate program. The science programs will be in conjoined space to promote Science Technology Engineering and Mathematics (STEM) initiatives in the state-of-the-art laboratories and teachings spaces designed for instruction and research.

Construction begins February 2023 and is slated for completion July 2025. 

For further information please contact:

Ashley Jeffery,
Communications Manager,
Skanska Building USA,
tel +1 (813) 459 3682

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/95/3708823/1825529.pdf

20230206 US Science Center

 

View original content:https://www.prnewswire.com/news-releases/skanska-builds-integrated-science-center-in-virginia-usa-for-usd-79-5m-about-sek-830m-301739119.html

SOURCE Skanska

FAQ

What is the value of the contract Skanska signed for the science center?

The contract is valued at USD 79.5M.

When will construction of the science center in Williamsburg begin?

Construction is set to begin in February 2023.

When is the projected completion date for the science center project?

The project is slated for completion in July 2025.

What programs will the new science center accommodate?

The center will accommodate Mathematics, Computer Science, Kinesiology, and a new Design and Engineering undergraduate program.

How will the contract impact Skanska's order bookings?

The contract will be included in Skanska's US order bookings for the first quarter of 2023, amounting to approximately SEK 830M.