Skanska reconstructs the Williamsburg Bridge in New York, USA, for USD 150M, about SEK 1.5B

Rhea-AI Summary

Skanska has secured a USD 150M contract with the New York City Department of Transportation to reconstruct the Williamsburg Bridge. The project, valued at approximately SEK 1.5B, will contribute to the US order bookings for Q3 2022. The extensive work includes repairs on various structural components of the bridge, with construction set to commence in October 2022 and expected completion by December 2025.

Positive

• Secured a USD 150M contract for Williamsburg Bridge reconstruction, boosting Q3 2022 order bookings.
• Project encompasses comprehensive structural repairs, indicating significant future revenue.

Negative

• None.

STOCKHOLM, Oct. 12, 2022 /PRNewswire/ -- Skanska has signed a contract with the New York City Department of Transportation to reconstruct and rehabilitate the Williamsburg Bridge in New York, New York, USA. The contract is worth USD 150M, about SEK 1.5B, which will be included in the US order bookings for the third quarter of 2022.

The project includes structural steel repairs throughout the bridge superstructure, inclusive of floor beam repairs, a transit hanger retrofit and temporary jacking system, gusset plate repairs, truss bottom chord repairs, top and bottom lateral bracing strengthening, overhead truss diagonal replacements, intermediate towers repairs and transit stringer repairs.

Work will begin October 2022 and expected completion is December 2025.

For further information please contact:

Maritza Ferreira, VP Communications, Skanska USA, tel +1 (678) 492 2003

Jacob Birkeland, Head of Media Relations and Public Affairs, Skanska AB, tel +46 (0)10 449 19 57

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-reconstructs-the-williamsburg-bridge-in-new-york--usa--for-usd-150m--about-sek-1-5b,c3646600

The following files are available for download:

https://mb.cision.com/Main/95/3646600/1637365.pdf

20221012 US Williamsburg Bridge

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SOURCE Skanska

FAQ

What is the value of Skanska's contract for the Williamsburg Bridge?

The contract value is USD 150M, approximately SEK 1.5B.

When will construction of the Williamsburg Bridge reconstruction begin?

Construction is scheduled to begin in October 2022.

What is the expected completion date for the Williamsburg Bridge project?

The project is expected to be completed by December 2025.

Which department awarded the contract to Skanska for the Williamsburg Bridge?

The contract was awarded by the New York City Department of Transportation.