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Skanska signs additional contract to expand hospital in Portland, Oregon, USA for USD 63M, about SEK 620M

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Skanska announced a contract amendment with Oregon Health & Science University for its Hospital Expansion Project in Portland, Oregon, valued at USD 63M (approximately SEK 620M). This amendment will contribute to the US order bookings for Q3 2022. The contract involves early site and foundation work along with long lead equipment procurement. Construction is ongoing, with completion expected by June 2023. The overall project commenced in April 2022 and aims for substantial completion by 2026.

Positive
  • Contract amendment valued at USD 63M will enhance Q3 2022 US order bookings.
  • Early site work and long lead procurement are underway, indicating project progress.
Negative
  • None.

STOCKHOLM, Sept. 12, 2022 /PRNewswire/ -- Skanska signed a contract amendment with Oregon Health & Science University for its Hospital Expansion Project in Portland, Oregon, USA. The contract amendment is worth USD 63M, about SEK 620M, which will be included in the US order bookings for the third quarter 2022.

The contract includes early site and foundation work and long lead equipment procurement. Construction is underway and completion for work under the amendment is scheduled for the end of June 2023. Work on the OHSU Hospital Expansion Project began in April 2022, and substantial completion is scheduled for 2026.

For further information please contact:

Daniela Arellano, Communications Director, Skanska USA, tel +1 (213) 317 4977

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-signs-additional-contract-to-expand-hospital-in-portland--oregon--usa-for-usd-63m--about-sek,c3629058

The following files are available for download:

https://mb.cision.com/Main/95/3629058/1625327.pdf

20220912 US hospital expansion

Cision View original content:https://www.prnewswire.com/news-releases/skanska-signs-additional-contract-to-expand-hospital-in-portland-oregon-usa-for-usd-63m-about-sek-620m-301621734.html

SOURCE Skanska

FAQ

What is the value of the contract amendment signed by SKBSY for the Oregon hospital project?

The contract amendment is valued at USD 63M.

When is the completion date for the Oregon Health & Science University hospital project under Skanska?

The completion for work under the amendment is scheduled for the end of June 2023.

When did construction begin on the OHSU Hospital Expansion Project?

Construction on the project began in April 2022.

What will the contract amendment contribute to in Skanska's financials?

The contract amendment will be included in the US order bookings for Q3 2022.

What is the estimated substantial completion date for the OHSU Hospital Expansion Project?

Substantial completion is scheduled for 2026.

SKANSKA AB S/ADR

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