Skanska builds school in North Carolina, USA, for USD 78M, about SEK 770M

Rhea-AI Summary

Skanska has secured a USD 78M (approx. SEK 770M) contract with the Wake County Public School System to construct a new middle school in Fuquay-Varina, North Carolina. This project marks the final phase of a multi-phase contract, covering the construction of a 74,000 square meter school with various facilities including gymnasiums and classrooms. Construction commenced in May 2022 and is set for completion in 2024, contributing to Skanska's US order bookings for Q3 2022.

Positive

• Contract value of USD 78M adds to order backlog.
• Construction contributes to local education infrastructure.
• Project scheduled for completion in 2024, providing stable future revenue.

Negative

• None.

STOCKHOLM, Oct. 4, 2022 /PRNewswire/ --  Skanska has signed a contract with the Wake County Public School System to build a new middle school in Fuquay-Varina, North Carolina, USA. The contract is worth USD 78M, about SEK 770M, and will be included in the US order bookings for the third quarter of 2022.  

The contract for the final phases of a multi-phase contract, covers construction of a 74,000 square meter middle school, with an outdoor athletic facility, two full gymnasiums, classroom spaces including science rooms and fine arts, a theater, media center and dining facility.

Work began in May 2022 and is scheduled for completion in 2024.

For further information please contact:

Mia Walton, VP Communications, Skanska USA Building, tel + 1 (240) 672 17 89

Jacob Birkeland, Head of Media Relations and Public Affairs, Skanska AB, tel: +46 (0)10 449 19 57

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-school-in-north-carolina--usa--for-usd-78m--about-sek-770m,c3641791

The following files are available for download:

https://mb.cision.com/Main/95/3641791/1633993.pdf

20221004 US Middle School

 

 

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SOURCE Skanska

FAQ

What is the value of Skanska's contract with Wake County Public School System?

The contract is valued at USD 78M (approximately SEK 770M).

When did construction start for the new middle school in North Carolina?

Construction began in May 2022.

What facilities will the new middle school in Fuquay-Varina include?

The school will feature two gymnasiums, science rooms, a theater, media center, and dining facilities.

When is the completion date for the new school built by Skanska?

The project is scheduled for completion in 2024.

How will the new contract impact Skanska's US order bookings?

The contract will be included in the US order bookings for the third quarter of 2022.