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Skanska signs contract for work at wastewater resource recovery facility in NY, USA, for USD 248M, SEK 2.3 billion

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Skanska, in partnership with R.J. Industries, has secured a USD 309M contract with the NYC Department of Environmental Protection for work at the Hunts Point Wastewater Resource Recovery Facility in the Bronx, New York. Skanska's share amounts to USD 248M (approximately SEK 2.3 billion), which will be reflected in the US order bookings for Q1 2022. The project includes various construction tasks such as concrete installation and landscaping, with a scheduled completion date of March 2026.

Positive
  • Secured a significant contract worth USD 309M with NYC Department of Environmental Protection.
  • Skanska's share of the contract is USD 248M, boosting order bookings for Q1 2022.
  • Long-term project with a completion date slated for March 2026, ensuring sustained work and revenue.
Negative
  • None.

ÖSTERSUND, Sweden, April 8, 2022 /PRNewswire/ -- Skanska has, as part of a joint venture with R.J. Industries, Inc., signed a contract with NYC Department of Environmental Protection to do work at its Hunts Point Wastewater Resource Recovery Facility in the Bronx, New York, USA. The total contract is worth USD 309M. Skanska's share of the contract is worth about USD 248M, about SEK 2.3 billion, which will be included in the US order bookings for the first quarter of 2022.

The contract includes the installation of cast-in-place concrete, prefabricated guardhouse and walkway bridges, electric, heating, ventilation, and plumbing, instrumentation and controls, site clearing, excavation and final landscaping.

Construction will begin in spring 2022 and is scheduled for completion in March 2026.

CONTACT:

For further information please contact:

Brittany Felteau, Communications Director, Skanska USA, tel +1 617 574 14 85

Andreas Joons, Press Officer, Skanska AB, 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-signs-contract-for-work-at-wastewater-resource-recovery-facility-in-ny--usa--for-usd-248m--s,c3542646

The following files are available for download:

https://mb.cision.com/Main/95/3542646/1561659.pdf

20220408 US wastewater plant facilities

 

 

Cision View original content:https://www.prnewswire.com/news-releases/skanska-signs-contract-for-work-at-wastewater-resource-recovery-facility-in-ny-usa-for-usd-248m-sek-2-3-billion-301520681.html

SOURCE Skanska

FAQ

What is the value of the contract Skanska signed for the wastewater facility?

The total contract value is USD 309M, with Skanska's share being USD 248M.

When will construction begin for the Hunts Point Wastewater Resource Recovery Facility?

Construction is scheduled to begin in spring 2022.

What is the scheduled completion date for the Hunts Point Wastewater Resource Recovery Facility project?

The project is expected to be completed by March 2026.

How will this contract impact Skanska's financials?

Skanska's share of the contract will be included in US order bookings for Q1 2022.

SKANSKA AB S/ADR

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