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Skanska constructs parking garage and improves Logan Airport in Boston, USA, for USD 450M, about SEK 4.7 billion

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Skanska has secured a USD 450M (SEK 4.7 billion) contract with Massachusetts Port Authority for significant improvements at Boston's Logan Airport. The project, part of Massport's NCEC Program, includes constructing a new 67,400 square meter Terminal E Parking Garage with 5,000 parking spaces. The development features vehicular and pedestrian bridge connections, roadway modifications, and sustainable elements including solar PV panels. Construction will commence in Q1 2025 with completion expected in 2028. The contract value will be recorded in US order bookings for Q4 2024.

Skanska ha ottenuto un contratto del valore di 450 milioni di dollari (4,7 miliardi di SEK) con l'Autorità portuale del Massachusetts per importanti migliorie all'Aeroporto Logan di Boston. Il progetto, parte del Programma NCEC di Massport, prevede la costruzione di un nuovo parcheggio dell'Terminal E di 67.400 metri quadrati con 5.000 posti auto. Lo sviluppo include collegamenti tra ponti veicolari e pedonali, modifiche stradali e elementi sostenibili come i pannelli solari fotovoltaici. I lavori inizieranno nel primo trimestre del 2025 con completamento previsto nel 2028. Il valore del contratto sarà registrato negli ordini statunitensi nel quarto trimestre del 2024.

Skanska ha asegurado un contrato de USD 450 millones (SEK 4.7 mil millones) con la Autoridad Portuaria de Massachusetts para importantes mejoras en el Aeropuerto Logan de Boston. El proyecto, parte del Programa NCEC de Massport, incluye la construcción de un nuevo estacionamiento de 67,400 metros cuadrados en la Terminal E con 5,000 espacios para vehículos. El desarrollo contará con conexiones entre puentes vehiculares y peatonales, modificaciones en las carreteras y elementos sostenibles que incluyen paneles solares fotovoltaicos. La construcción comenzará en el primer trimestre de 2025 con finalización prevista para 2028. El valor del contrato se registrará en los pedidos de EE. UU. para el cuarto trimestre de 2024.

스칸스카는 매사추세츠 항만당국과 보스턴 로건 공항에서 중요한 개선 작업을 위한 4억 5천만 달러 (47억 스웨디시 크로나) 계약을 체결했습니다. 이 프로젝트는 매스포트의 NCEC 프로그램의 일환으로, 5,000대의 주차 공간을 갖춘 67,400 제곱미터 규모의 터미널 E 주차장을 건설하는 것이 포함됩니다. 개발에는 차량 및 보행자 다리 연결, 도로 변경 및 태양광 패널과 같은 지속 가능한 요소가 포함됩니다. 건설은 2025년 1분기에 시작될 예정이며 완료는 2028년으로 예상됩니다. 계약 가치는 2024년 4분기 미국 주문 접수에 기록될 것입니다.

Skanska a obtenu un contrat de 450 millions de dollars (4,7 milliards de SEK) avec l'Autorité portuaire du Massachusetts pour d'importantes améliorations à l'aéroport Logan de Boston. Le projet, faisant partie du programme NCEC de Massport, comprend la construction d'un nouveau parking de 67 400 mètres carrés pour le Terminal E, avec 5 000 places de stationnement. Le développement comprend des connexions entre des ponts routiers et piétonniers, des modifications de routes, ainsi que des éléments durables, dont des panneaux solaires photovoltaïques. La construction commencera au premier trimestre 2025 et devrait être achevée en 2028. La valeur du contrat sera enregistrée dans les commandes américaines pour le quatrième trimestre 2024.

Skanska hat einen Vertrag über 450 Millionen USD (4,7 Milliarden SEK) mit der Massachusetts Port Authority für signifikante Verbesserungen am Logan Airport in Boston gesichert. Das Projekt, das Teil des NCEC-Programms von Massport ist, umfasst den Bau eines neuen Parkhauses am Terminal E mit einer Fläche von 67.400 Quadratmetern und 5.000 Stellplätzen. Die Entwicklung umfasst Verbindungen zwischen Fahrzeug- und Fußgängerbrücken, Straßenänderungen und nachhaltige Elemente wie Solar-PV-Module. Der Baubeginn ist im ersten Quartal 2025 geplant, die Fertigstellung wird für 2028 erwartet. Der Vertragswert wird im vierten Quartal 2024 in den US-Bestellungen verbucht.

Positive
  • Secured major USD 450M contract for Logan Airport expansion
  • Project adds 5,000 new parking spaces to portfolio
  • Contract value to be included in Q4 2024 order bookings
  • Implementation of sustainable features (solar panels) with Parksmart certification pursuit
Negative
  • None.

STOCKHOLM, Dec. 13, 2024 /PRNewswire/ -- Skanska has signed a contract with the Massachusetts Port Authority (Massport) for the construction of a new parking garage and other modernization improvements at Logan Airport's Terminal E in Boston, USA. The contract is worth USD 450M, about SEK 4.7 billion, which will be included in the US order bookings for the fourth quarter of 2024.

As part of Massport's NCEC Program, this project will include the construction of a greater than 67,400 square meter (725,000 sq. feet) new Terminal E Parking Garage in the existing location. The multi-story structure will feature 5,000 parking spaces, as well as spaces for ground transportation on the lower-level.

The Program also includes the construction of a vehicular bridge connection to the existing central parking complex, as well as a new pedestrian bridge connecting the garage to Terminals E and C. In addition, modifications will be made to Arrival and Departures level roadways to accommodate access to the garage.

Solar PV panels will be installed on garage façade and roof to offset electricity consumption, and the project will seek a Parksmart certification issued by the Green Building Certification Institute.

Work will begin in the first quarter of 2025 and garage is anticipated to be completed in 2028.

For further information please contact:

Chris Mckniff, Communications Director, Skanska USA, tel +1 (347) 409 2719
Andreas Joons, Press Officer, Skanska Group, 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-constructs-parking-garage-and-improves-logan-airport-in-boston--usa--for-usd-450m--about-sek,c4081740

The following files are available for download:

https://mb.cision.com/Main/95/4081740/3170693.pdf

20241213 US garage and renovation Logan ENG

 

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SOURCE Skanska

FAQ

What is the value of Skanska's (SKBSY) Logan Airport contract?

Skanska's contract with Massport for Logan Airport improvements is valued at USD 450M (approximately SEK 4.7 billion).

When will Skanska (SKBSY) begin construction on the Logan Airport parking garage?

Construction will begin in the first quarter of 2025, with completion expected in 2028.

How many parking spaces will Skanska's (SKBSY) new Logan Airport garage have?

The new Terminal E Parking Garage will feature 5,000 parking spaces.

What sustainable features will Skanska (SKBSY) implement in the Logan Airport garage project?

The project will include solar PV panels on the garage façade and roof to offset electricity consumption, and will seek Parksmart certification.

What is the size of Skanska's (SKBSY) new Logan Airport parking garage?

The new Terminal E Parking Garage will be greater than 67,400 square meters (725,000 sq. feet).

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