Skanska builds life science building in Virginia, USA, for USD 83.6M, about SEK 850M

Rhea-AI Summary

Skanska has secured a contract worth USD 83.6M (approx. SEK 850M) with George Mason University to construct a new life sciences and engineering building in Fairfax, Virginia. This project, which will contribute to the US order bookings for Q4 2022, involves a facility of around 40,000 square meters featuring specialized labs and classrooms. Construction commenced in December 2022 and is expected to be completed by 2025, serving multiple colleges at the university.

Positive

• Secured a significant contract worth USD 83.6M, enhancing order bookings.
• Construction of a large-scale facility (40,000 square meters) aimed at supporting educational needs.
• Project completion slated for 2025, potentially increasing future revenue.

Negative

• None.

STOCKHOLM, Jan. 10, 2023 /PRNewswire/ -- Skanska has signed a contract with George Mason University to build a new life sciences and engineering building in Fairfax, Virginia, USA. The contract is worth USD 83.6M, about SEK 850M, which will be included in the US order bookings for the fourth quarter of 2022.

The new life sciences and engineering building at the university's Prince William County Science and Technology (SciTech) Campus, is approximately 40,000 square meters. The facility includes specialized instructional labs, classrooms, experiential learning laboratories, and faculty and administrative offices to support growing student and faculty communities on the SciTech Campus.

The building will be used by the College of Engineering and Computing, the College of Science, the College of Education and Human Development, and the College of Visual and Performing Arts.

Work began December 2022 and is set to be completed in 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/95/3694973/1769365.pdf

20230110 US George Mason University

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SOURCE Skanska

FAQ

What is the value of the contract Skanska signed with George Mason University?

The contract is worth USD 83.6M (approximately SEK 850M).

When did Skanska begin work on the new building for George Mason University?

Work began in December 2022.

What is the expected completion date for the life sciences and engineering building?

The building is expected to be completed in 2025.

How large is the new facility being constructed by Skanska?

The facility will be approximately 40,000 square meters.

What will the new building at George Mason University be used for?

It will support the College of Engineering and Computing, College of Science, College of Education and Human Development, and College of Visual and Performing Arts.