Skanska constructs new STEM building in San Marcos, Texas, USA, for USD 100M, about SEK 1.1 billion

Rhea-AI Summary

Skanska (SKA-B.ST) Signs $100M Contract with Texas State University System for New STEM Building in Texas, USA

Positive

• Skanska secures a significant $100M contract with Texas State University System, signaling strong growth potential in the construction sector.
• The new STEM building project highlights Skanska's commitment to advancing education and infrastructure development in the USA.

Negative

• None.

STOCKHOLM, Nov. 13, 2023 /PRNewswire/ -- Skanska has signed a contract with Texas State University System to build a new STEM (Science, Technology, Engineering, and Math) building located on The Texas State University System's San Marcos campus in Texas, USA. The contract is worth USD 100M, about SEK 1.1 billion, which will be included in the US order bookings for the fourth quarter of 2023.

The new building will be an eight-story, 14,500 square-meter (155,900 square-foot) structure that will house the Departments of Mathematics and Computer Science, and will provide teaching space, class labs, departmental offices, and research labs for several other academic disciplines. The project also requires site and utility improvements and upgrades to support the new building.

Construction is slated to begin in June 2024 and expected to reach completion in May 2026.

For further information please contact:

Peggy Cook, Communications Manager, Skanska USA, tel +1 (513) 222 5310

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. 

 

The following files are available for download:

https://mb.cision.com/Main/95/3873965/2423148.pdf

20231113 US STEM building

 

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SOURCE Skanska

FAQ

What is Skanska's contract with Texas State University System for?

Skanska has signed a $100M contract to build a new STEM building on The Texas State University System's San Marcos campus in Texas, USA.

Where will the new STEM building be located?

The new STEM building will be located on The Texas State University System's San Marcos campus in Texas, USA.

How much is the contract worth?

The contract is worth $100M.

What does STEM stand for in the context of the contract?

STEM stands for Science, Technology, Engineering, and Math.

What does Skanska's contract with Texas State University System signify?

The contract signifies Skanska's commitment to advancing education and infrastructure development in the USA.