Skanska signs additional contract for data center in Arizona, USA, for USD 155 M, about SEK 1.6 billion

Rhea-AI Summary

Skanska has secured a USD 155 million (approximately SEK 1.6 billion) contract with an existing client to construct a data center in Arizona, USA.

The project, which comprises a single-story data center spanning about 244,000 square feet (approx. 22,700 square meters), will be incorporated into Skanska's US order bookings for Q2 2024.

The construction is already underway and is projected to be completed by the second quarter of 2025.

Positive

• USD 155 million (SEK 1.6 billion) contract boosts Skanska's order bookings for Q2 2024.
• Construction project for a 244,000 square-foot data center in Arizona demonstrates business expansion.

Negative

• Project completion is scheduled for Q2 2025, indicating long-term capital commitment.

STOCKHOLM, June 26, 2024 /PRNewswire/ -- Skanska has signed a contract with an existing client to build a data center in Arizona, USA. The contract is worth USD 155 M, about SEK 1.6 billion, which will be included in the US order bookings for the second quarter of 2024.

The project consists of a single-story data center, totalling approximately 244,000 square feet (appr 22,700 square meters).

Work is underway and is scheduled for completion in the second quarter of 2025. 

CONTACT:

For further information please contact:

Daniela Arellano, Communications Director, Skanska Building USA, tel +1 213-317-4977

Olof Rundgren, Media Relations Manager, Skanska, tel +46 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.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/skanska/r/skanska-signs-additional-contract-for-data-center-in-arizona--usa--for-usd-155-m--about-sek-1-6-bill,c4006727

The following files are available for download:

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20240626 US Data center Arizona

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SOURCE Skanska

FAQ

What is the value of the contract Skanska signed for the Arizona data center?

Skanska signed a contract worth USD 155 million (approximately SEK 1.6 billion) to build a data center in Arizona.

When is the Skanska data center project in Arizona expected to be completed?

The Skanska data center project in Arizona is scheduled for completion in the second quarter of 2025.

How large is the Skanska data center being built in Arizona?

The data center being built by Skanska in Arizona will be approximately 244,000 square feet (approx. 22,700 square meters).

In which quarter will Skanska include the Arizona data center contract in its order bookings?

The contract for the Arizona data center will be included in Skanska's US order bookings for the second quarter of 2024.

Who can be contacted for more information about Skanska's data center project in Arizona?

For more information, contact Daniela Arellano, Communications Director, Skanska Building USA, at +1 213-317-4977, or Olof Rundgren, Media Relations Manager, Skanska, at +46 10 448 67 94.