Skanska improves the I-405 corridor in Bothell, Washington, USA, for USD 834M, about SEK 8.8 billion

Rhea-AI Summary

Skanska signs $834M contract to expand and improve the I-405 corridor in Bothell, Washington

Positive

• Skanska signs a contract worth $834M to expand and make improvements to the I-405 corridor in Bothell, Washington. The project aims to create a dual express toll lane system and includes new lanes, ramps, and infrastructure for the Stride Bus Rapid Transit program. Construction is expected to begin in November 2023 and be completed by late 2028.

Negative

• None.

STOCKHOLM, Sept. 5, 2023 /PRNewswire/ -- Skanska has signed a contract with the Washington State Department of Transportation (WSDOT) to expand and make operational and multimodal improvements to 7.2 kilometers (4.5 miles) of the I-405 corridor in Bothell, Washington, USA. The contract is worth USD 834M, about SEK 8.8 billion, which will be included in the US order bookings for the third quarter of 2023.

The purpose of the I-405, Brickyard to SR 527 Improvement Project is to create a dual express toll lane (ETL) system from south of the I-405/SR 522 interchange to the I-405/SR 527 interchange. This project includes new lanes, direct access ramps, interchange improvements, infrastructure in support of Stride Bus Rapid Transit program, and new fish passage culverts within the project vicinity.

Construction is anticipated to begin in November 2023 and with expected completion in late 2028.

CONTACT:

For further information please contact:

Meghan Carvalho, Communications Manager, Skanska USA, tel +1 (951) 6752337

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/95/3829394/2273551.pdf

20230905 US I405 Brickyard

View original content:https://www.prnewswire.com/news-releases/skanska-improves-the-i-405-corridor-in-bothell-washington-usa-for-usd-834m-about-sek-8-8-billion-301917425.html

SOURCE Skanska

FAQ

What is the value of Skanska's contract for the I-405 corridor project?

Skanska's contract is worth $834M.

What is the purpose of the I-405, Brickyard to SR 527 Improvement Project?

The purpose of the project is to create a dual express toll lane system and make improvements to the corridor.

When is construction expected to begin and end?

Construction is anticipated to start in November 2023 and be completed by late 2028.