Skanska improves State Route Interchange in Riverside County, California, USA, for USD 120M, about SEK 1.2B

Rhea-AI Summary

Skanska has secured a USD 120M contract with Riverside County Transportation Commission to enhance the State Route 71/91 Interchange in Corona, California. This project, set to commence in January 2023 and finish by January 2025, aims to improve safety and traffic flow, while reducing greenhouse gas emissions. The contract will contribute to Skanska's US order bookings for Q4 2022.

Positive

• Contract worth USD 120M will boost US order bookings for Q4 2022.
• Project aims to enhance safety and traffic flow at a critical interchange.
• Improvements aim to reduce greenhouse gas emissions.

Negative

• None.

STOCKHOLM, Dec. 28, 2022 /PRNewswire/ -- Skanska has signed a contract with Riverside County Transportation Commission to make improvements to a State Route Interchange in Corona, California, USA. The contract is worth USD 120M, about SEK 1.2B, which will be included in the US order bookings for the fourth quarter 2022.

The State Route 71/91 Interchange serves as a gateway for motorists and freight in southern California. Skanska will make substantial structural improvements to the interchange, including building a new, direct connector ramp from eastbound Route 91 to northbound Route 71 and align the entrance ramp from Green River Road.

The project is designed to improve safety and traffic flow, expand access to other transportation options, and reduce greenhouse gas emissions.

Construction will begin in January 2023 and will be completed in January 2025.

For further information please contact:

Meghan Carvalho, Communications Manager, Skanska USA, tel +1 (951) 675 2337

Matti Kataja, Acting Head of Media Relations and Public Affairs, Skanska AB, tel +46 (0)10 449 67 98

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/95/3690281/1757797.pdf

20221228 US State Route Interchange

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SOURCE Skanska

FAQ

What is the value of the contract Skanska signed for the interchange improvements?

The contract is valued at USD 120M.

When will construction for the State Route 71/91 Interchange project begin?

Construction will begin in January 2023.

When is the completion date for the State Route 71/91 Interchange improvements?

The project is expected to be completed in January 2025.

How will the State Route interchange improvements affect traffic?

The improvements are designed to enhance safety and traffic flow.

In which US state is the State Route 71/91 Interchange located?

The interchange is located in California.