STOCK TITAN

Skanska builds municipal health lab in Harlem, New York, USA, for USD 448M, about SEK 3.8 billion

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Skanska has secured a USD 448M contract from the New York City Economic Development Corporation to build a municipal health lab in Harlem, New York. This project will involve a ten-story facility covering 21,800 square meters, featuring laboratories, offices, and clinical spaces. Construction is set to commence in early summer 2022 and is expected to be completed by the second quarter of 2026. This contract will boost Skanska’s US order bookings for the second quarter of 2021.

Positive
  • Contract worth USD 448M will enhance US order bookings.
  • Construction of a state-of-the-art municipal health lab.
  • Project expected to improve local health infrastructure.
Negative
  • None.

OSTERSUND, Sweden, July 5, 2021 /PRNewswire/ -- Skanska has signed a contract with the New York City Economic Development Corporation (NYCEDC) to construct a new municipal health lab in Harlem, New York, USA. The contract is worth USD 448M, about SEK 3.8 billion, which will be included in the US order bookings for the second quarter 2021.

The contract includes the construction of a new, ten-story municipal health lab on the Harlem Hospital Campus. The project will consist of approximately 21,800 square meters of new construction including offices, laboratories and clinical facilities. The lower portion of the new building will include a lobby, auditorium, walk-in testing center and several support areas.

The site is being prepared and graded, and three existing buildings will be demolished to make room for the new structure. Construction will begin in early summer 2022 and is scheduled for completion in the second quarter 2026.

Skanska is one of the leading construction- and project development companies in the U.S., specialized in building construction, civil infrastructure and developing commercial properties in select U.S. markets. Skanska USA had sales of SEK 66 billion in 2020 and had about 7,600 employees in its operations.                     

For further information please contact:

Brittany Felteau, Communications Director, Skanska USA, tel +1 617 574 14 85

Andreas Joons, Press Officer, Skanska AB, 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.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/skanska/r/skanska-builds-municipal-health-lab-in-harlem--new-york--usa--for-usd-448m--about-sek-3-8-billion,c3379321

The following files are available for download:

https://mb.cision.com/Main/95/3379321/1440507.pdf

20210705 US health lab

Cision View original content:https://www.prnewswire.com/news-releases/skanska-builds-municipal-health-lab-in-harlem-new-york-usa-for-usd-448m-about-sek-3-8-billion-301325416.html

SOURCE Skanska

FAQ

What project has Skanska been awarded in New York?

Skanska has been awarded a contract to construct a municipal health lab in Harlem, New York.

What is the value of the contract signed by Skanska?

The contract signed by Skanska is valued at USD 448M.

When is the construction of the health lab in Harlem expected to start?

Construction of the health lab is set to begin in early summer 2022.

When will the Harlem health lab project be completed?

The completion of the Harlem health lab project is scheduled for the second quarter of 2026.

How much area will the new health lab cover?

The new health lab will cover approximately 21,800 square meters.

SKANSKA AB S/ADR

OTC:SKBSY

SKBSY Rankings

SKBSY Latest News

SKBSY Stock Data

8.74B
391.56M
0.02%
Engineering & Construction
Industrials
Link
United States of America
Stockholm