Skanska builds science laboratory building for university in Virginia, USA, for about USD 70M, about SEK 650M

Rhea-AI Summary

Skanska has secured a USD 70M contract to build a new undergraduate science laboratory at Virginia Tech in Blacksburg, Virginia. This project, encompassing approximately 102,000 square feet, addresses the university's increasing enrollment and will feature nearly 30 flexible laboratories for various disciplines. Construction is set to start in April 2022 and finish by April 2024. This contract will contribute to US order bookings for Q2 2022, enhancing Skanska's portfolio in educational infrastructure.

Positive

• Secured a USD 70M contract, boosting order bookings.
• Project supports Virginia Tech's growing enrollment and academic programs.
• Construction commencement in April 2022 indicates strong project pipeline.

Negative

• None.

ÖSTERSUND, Sweden, May 9, 2022 /PRNewswire/ -- Skanska has signed a contract with Virginia Polytechnic Institute and State University to build a new undergraduate science laboratory building in Blacksburg, Virginia, USA. The contract is worth about USD 70M, about SEK 650M, which will be included in the US order bookings for the second quarter 2022.

The four-story, approximately 102,000-gross-square-foot (9,500 gross-square-meter) building will provide critical teaching laboratory and classroom space to support Virginia Tech's growing enrollment and Beyond Boundaries vision.

It will house nearly 30 wet, dry and specialty laboratories designed to be flexible and adaptable to current and future instructional needs for the university's College of Science, College of Engineering, College of Natural Resources and Environment, and the College of Agriculture and Life Sciences. Graduate teaching assistant workspaces, classrooms, collaboration spots, offices, informal study areas, and 24/7 student space will also be incorporated.

Construction will begin April 2022, and completion is scheduled for April 2024.

CONTACT:

For further information please contact:

Maritza E. Ferreira, Communications Director, Skanska USA, tel +1 (678) 4922003

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-science-laboratory-building-for-university-in-virginia--usa--for-about-usd-70m--about,c3562625

The following files are available for download:

https://mb.cision.com/Main/95/3562625/1576350.pdf	20220509 US science research building
https://news.cision.com/skanska/i/image-1-20220509-us-science-research-building,c3047146	Image 1 20220509 US science research building
https://news.cision.com/skanska/i/image-2-20220509-us-science-research-building,c3047147	Image 2 20220509 US science research building

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SOURCE Skanska

FAQ

What is the contract value for Skanska's new project with Virginia Tech?

The contract value is approximately USD 70M.

When will construction for the Virginia Tech laboratory building begin?

Construction is set to begin in April 2022.

What is the expected completion date for the project?

The completion date is scheduled for April 2024.

How large will the new laboratory building be?

The building will have approximately 102,000 gross square feet.

How many laboratories will be included in the new building?

The building will house nearly 30 laboratories.