Skanska renovates and expands historical library in Charlottesville, USA, for about USD 112 M, about SEK 990 M

Rhea-AI Summary

Skanska has secured a contract with University of Virginia for the renovation and expansion of the Alderman library in Charlottesville, Virginia. Valued at USD 112 million (approximately SEK 990 million), this contract will be included in the US order bookings for Q4 2020. The project involves demolishing a 1967 addition and constructing a new six-story concrete framed addition while renovating the existing library to enhance infrastructure and usability. Construction commenced in January 2020 and is expected to be completed by December 2022.

Positive

• Contract worth USD 112 million enhances Q4 2020 US order bookings.
• Expansion and renovation improve library infrastructure and user experience.

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• None.

ÖSTERSUND, Sweden, Oct. 20, 2020 /PRNewswire/ -- Skanska has signed an additional contract with University of Virginia to renovate and expand the historical Alderman library in Charlottesville, Virginia, USA. The contract is worth USD 112 M, about SEK 990 M, which will be included in the US order bookings for the fourth quarter 2020.

The work will include a complete demolition of a 1967 addition, replacing it with a six-story concrete framed addition of approximately 11,600 square meters. The existing 9,300-square-meter library will also be renovated, which will include the renewal of building systems with all new infrastructure and better utilization of space to improve wayfinding.   

The overall goal of the renovation is to adapt the historic building to meet the current and future needs of its users, and create more open spaces and a stable environment that will be more conducive to the long-term preservation of library collections.

Construction began January 2020, and completion is scheduled for December 2022.

Skanska is one of the leading construction and development companies in USA, specializing in building construction, civil infrastructure and developing commercial properties in select U.S. markets. Skanska USA had sales of SEK 74 billion and about 7,900 employees in its operations in 2019.

For further information please contact:

Maritza E. Ferreira, Communications Director, Skanska USA, tel +1 (404) 946 75 21

Olof Rundgren, Media Relations Manager, Skanska AB, tel +46 (0)10 448 67 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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20201020 US renovation library Charlottesville

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SOURCE Skanska

FAQ

What is the value of the contract signed by Skanska with University of Virginia?

The contract is valued at USD 112 million.

When did construction for the Alderman library renovation begin?

Construction began in January 2020.

When is the completion date for the Alderman library renovation?

The project is scheduled for completion in December 2022.

What will the renovations at Alderman library include?

Renovations will include demolishing a 1967 addition and constructing a new six-story addition, along with upgrades to existing infrastructure.

How will the Alderman library renovation benefit its users?

The renovation aims to create more open spaces and improve the environment for the long-term preservation of library collections.