Skanska improves corporate campus in New York, USA, for USD 248M, about SEK 2.1 billion

Rhea-AI Summary

Skanska has secured a USD 248M contract to enhance a corporate campus in Long Island, New York. The project, worth approximately SEK 2.1 billion, is set to bolster US order bookings for Q2 2021. Construction commenced in June 2021 and is expected to finish by February 2026. In 2020, Skanska USA reported sales of SEK 66 billion with around 7,600 employees in operations.

Positive

• Contract worth USD 248M will increase US order bookings for Q2 2021.
• Project will enhance operational capacity and visibility in the Long Island area.

Negative

• None.

ÖSTERSUND, Sweden, July 7, 2021 /PRNewswire/ -- Skanska has signed a contract to make improvements to an existing corporate campus in Long Island, New York, USA, worth USD 248M, about SEK 2.1 billion, which will be included in the US order bookings for the second quarter 2021.

Work began in June 2021 and is slated for completion in February 2026.

Skanska is one of the leading construction and project development companies in U.S., specialized in building construction, civil infrastructure and developing commercial properties in select U.S. markets. Skanska USA had sales of SEK 66 billion in 2020 and had about 7,600 employees in its operations.

CONTACT:
For further information please contact:
Brittany Felteau, Communications Director, Skanska USA, tel +1 857 350 0278
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.

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https://news.cision.com/skanska/r/skanska-improves-corporate-campus-in-new-york--usa--for-usd-248m--about-sek-2-1-billion,c3381020

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20210707 US corporate campus

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SOURCE Skanska

FAQ

What is the value of Skanska's recent contract in Long Island?

The contract is valued at USD 248M.

When did Skanska start construction on the corporate campus?

Construction began in June 2021.

When is the completion date for Skanska's Long Island project?

The project is expected to be completed by February 2026.

How much did Skanska report in sales for 2020?

Skanska reported sales of SEK 66 billion in 2020.

How many employees does Skanska USA have?

Skanska USA has approximately 7,600 employees.