Skanska rebuilds the Lindsay C. Warren Bridge in Columbia, NC, USA, for USD 450M, about SEK 4.9 billion

Rhea-AI Summary

Skanska (SKBSY) has secured a significant contract worth USD 450 million (SEK 4.9 billion) with the North Carolina Department of Transportation for rebuilding the Lindsay C. Warren Bridge in Columbia, North Carolina. The project will be included in US order bookings for Q1 2025.

The new fixed-span, high-rise bridge will be constructed north of the existing 4.5-kilometer bridge, featuring two travel lanes and breakdown lanes on each side. The design eliminates mechanical delays by allowing unimpeded flow of both marine and vehicular traffic. Construction is scheduled to begin in January 2025 with completion expected by April 2030.

Positive

• Secured major USD 450M contract strengthening order backlog
• Project adds to Q1 2025 order bookings
• 5-year project provides long-term revenue visibility

Negative

• None.

News Market Reaction

+1.68%

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+1.68% News Effect

On the day this news was published, SKBSY gained 1.68%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

STOCKHOLM, Jan. 29, 2025 /PRNewswire/ -- Skanska has signed a contract with the North Carolina Department of Transportation for the Lindsay C. Warren Bridge rebuild project in Columbia, North Carolina, USA. The contract is worth USD 450M, about SEK 4.9 billion, which will be included in the US order bookings for the first quarter of 2025.

The new fixed-span, high-rise design bridge will be constructed north of the current 4.5-kilometer (2.8-mile) bridge and serve as a reliable access point for North Carolina's eastern counties. It will eliminate mechanical delays and disruptions for travelers by allowing both marine and vehicular traffic to flow unimpeded and will feature two travel lanes, breakdown lanes on each side, clearance over the navigation channel and safety railings.

Work is slated to commence January 2025 and is expected to reach completion in April 2030.

For further information please contact:
Maritza Ferreira, VP of Communications, Skanska USA, tel +1 (678) 492 2003
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-rebuilds-the-lindsay-c--warren-bridge-in-columbia--nc--usa--for-usd-450m--about-sek-4-9-bill,c4097206

The following files are available for download:

https://mb.cision.com/Main/95/4097206/3230400.pdf

20250129 US bridge rebuild

 

FAQ

What is the value of Skanska's (SKBSY) Lindsay C. Warren Bridge contract?

The contract is worth USD 450 million (approximately SEK 4.9 billion).

When will Skanska (SKBSY) complete the Lindsay C. Warren Bridge project?

The project is expected to be completed in April 2030.

What are the main features of Skanska's (SKBSY) new Lindsay C. Warren Bridge?

The new bridge will be a fixed-span, high-rise design with two travel lanes, breakdown lanes on each side, and will allow unimpeded flow of both marine and vehicular traffic.

How will the Lindsay C. Warren Bridge contract impact Skanska's (SKBSY) Q1 2025 bookings?

The USD 450M contract will be included in Skanska's US order bookings for the first quarter of 2025.

Where will Skanska (SKBSY) build the new Lindsay C. Warren Bridge?

The new bridge will be constructed north of the current 4.5-kilometer bridge in Columbia, North Carolina, USA.