Skanska transforms new interchange in Florida, USA , for USD 82M, about SEK 690M

Rhea-AI Summary

Skanska has secured a USD 82M contract from the Florida Department of Transportation to design and construct a new interchange at Interstate 75 and Big Bend Road in Hillsborough County, Florida. This project, expected to enhance traffic flow, involves widening Big Bend Road and reconfiguring I-75 ramps. Construction commenced in August 2021 and is projected to conclude by August 2024. The contract will be included in Skanska's US order bookings for Q3 2021.

Positive

• Secured a significant contract worth USD 82M, enhancing future revenue.
• Expected improvements in traffic flow may increase local infrastructure value.

Negative

• None.

ÖSTERSUND, Sweden, Sept. 23, 2021 /PRNewswire/ -- Skanska has signed a contract with the Florida Department of Transportation to design and build a new interchange at Interstate 75 (I-75) and Big Bend Road in Hillsborough County, Florida, USA. Skanska will include the contract worth USD 82M, about SEK 690M, in the US order bookings for the third quarter of 2021.

The project includes the widening and reconstructing of Big Bend Road and reconfiguration of the I-75 ramps, improving traffic flow and reducing delays. The overall configuration will change Big Bend Road from an existing four-lane rural roadway to a six-lane urban highway. The planned improvements will also include replacement of existing bridges, accommodations for pedestrians and bicyclists, upgrades to roadway lighting, and adjustment and installation of wet utilities.

Construction begun in August 2021 and the new interchange is expected to be completed by August 2024.

Skanska is one of the leading construction- and project development companies in U.S., specialized in building construction, civil infrastructure and developing commercial properties in select U.S. markets. Skanska USA had sales of SEK 66 billion in 2020 and had about 7,600 employees in its operations.

For further information please contact:

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

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-transforms-new-interchange-in-florida--usa---for-usd-82m--about-sek-690m,c3420000

The following files are available for download:

https://mb.cision.com/Main/95/3420000/1471947.pdf	20210923 US Big Bend Rd I-75 Interchange ENG
https://news.cision.com/skanska/i/image-20210923-big-bend-rd-at-i-75,c2958509	Image 20210923 Big Bend Rd at I-75

View original content:https://www.prnewswire.com/news-releases/skanska-transforms-new-interchange-in-florida-usa--for-usd-82m-about-sek-690m-301383601.html

SOURCE Skanska

FAQ

What is the value of the contract Skanska signed with the Florida Department of Transportation?

The contract is valued at USD 82M.

When is the expected completion date for the new interchange project in Florida?

The expected completion date is August 2024.

What improvements will be made at the I-75 and Big Bend Road interchange?

Improvements include widening Big Bend Road, reconfiguring I-75 ramps, and enhancing pedestrian and cyclist accommodations.

When did construction begin on the interchange project?

Construction began in August 2021.

How will the interchange project impact Skanska's financial performance?

The contract will contribute to Skanska's US order bookings for Q3 2021.