Skanska signs supplemental award for data center in Arizona, USA, for USD 150M, about SEK 1.6 billion

Rhea-AI Summary

Skanska has secured a USD 150M supplemental award to build a data center in Arizona, USA, totaling about SEK 1.6 billion. The project includes a single-story data center spanning 22,700 square meters, with completion expected in Q2 2025.

Positive

• Securing a supplemental award worth USD 150M reflects Skanska's strong client relationships and continued growth in the construction sector.

• The addition of this project to the US order bookings for Q2 2024 will contribute positively to Skanska's revenue and profitability.

Negative

• Potential risks such as construction delays or cost overruns could impact the project's profitability and timeline.

STOCKHOLM, May 10, 2024 /PRNewswire/ -- Skanska has received a supplemental award under a contract with an existing client to build a data center in Arizona, USA. The supplemental award is worth USD 150M, 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 22,700 square meters.

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

For further information please contact:

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

Andreas Joons, Press Officer, Skanska Group, tel +46 76 870 75 51

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-supplemental-award-for-data-center-in-arizona--usa--for-usd-150m--about-sek-1-6-billio,c3976133

The following files are available for download:

https://mb.cision.com/Main/95/3976133/2787004.pdf

20240510 US data center Arizona

 

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SOURCE Skanska

FAQ

What is the value of the supplemental award received by Skanska for the data center in Arizona, USA?

Skanska received a supplemental award worth USD 150M, approximately SEK 1.6 billion.

When is the scheduled completion date for the data center project in Arizona, USA?

The data center project in Arizona, USA, is expected to be completed in the second quarter of 2025.

Who can be contacted for further information about the data center project in Arizona, USA?

For further information, please contact Daniela Arellano, Communications Director, Skanska USA, at tel +1 213-317-4977.