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Skanska builds replacement high school in Vancouver, Washington, USA, for USD 144 M, about SEK 1.3 billion

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Skanska has secured a contract valued at USD 144 million (approx. SEK 1.3 billion) with Evergreen Public Schools for the construction of a new Mountain View High School in Vancouver, Washington. The project's scope encompasses the demolition of the existing structure, construction of a 26,000 square-meter building, and the development of new athletic fields and a parking lot. Construction commenced in July 2020 and is expected to conclude in December 2022. This contract will contribute to Skanska's order bookings for Q3 2020.

Positive
  • Secured a contract worth USD 144 million, enhancing revenue.
  • Project contributes to Q3 2020 order bookings.
  • Constructing a new high school, improving educational infrastructure.
Negative
  • None.

ÖSTERSUND, Sweden, Sept. 30, 2020 /PRNewswire/ -- Skanska has signed a contract with Evergreen Public Schools to construct the replacement of Mountain View High School in Vancouver, Washington, USA. The first phase of the contract is worth USD 144 M, about SEK 1.3 billion, which will be included in the US order bookings for the third quarter of 2020.

The project scope includes the demolition of the existing school, construction of the new 26,000 square-meter building, with new athletic fields and parking lot.

Construction began in July 2020 and is scheduled for completion in December 2022.

Skanska is one of the leading construction- and development companies in USA, specializing in building construction, civil infrastructure and developing commercial properties in select U.S. markets. Skanska USA had sales of SEK 74 billion and about 7,900 employees in its operations in 2019.

For further information please contact:

Pamela Monastra, Senior Vice President, Skanska USA, tel +1-404-946-74-00

Olof Rundgren, Media Relations Manager, Skanska AB, tel +46 (0)10-448-67-94

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-replacement-high-school-in-vancouver--washington--usa--for-usd-144-m--about-sek-1-3-b,c3205134

The following files are available for download:

https://mb.cision.com/Main/95/3205134/1312472.pdf

20200930 US High school Vancouver WA

 

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SOURCE Skanska

SKANSKA AB S/ADR

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