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Skanska awarded an additional GBP 103M, about SEK 1.3 billion, towards works on the high-speed railway HS2 in UK

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Skanska, as part of the Skanska Costain STRABAG joint venture, has been awarded an additional GBP 103M, about SEK 1.3 billion, under the existing contract with HS2 Ltd towards works on phase one of the new high-speed railway in the UK. This will be included in the order bookings for Europe in the second quarter of 2023.

The award relates to planned and agreed changes to the scope of works under the contract.

The total contract, now valued at approximately GBP 1.3 billion, about SEK 16.6 billion to Skanska, involves the design and construction of major tunnels in the southern section of the overall project.

Since being given notice to proceed by HS2 Ltd in April 2020, significant progress has been made. Two tunnel boring machines (TBMs) started operations in late 2022 from West Ruislip Portal towards Green Park Way. They will construct 8 kilometers (5 miles) of the 13.5-kilometer (8.4 mile) twin bored Northolt Tunnel. Two further TBMs have been received in the UK and will be launched in the next year from Victoria Road Crossover Box. A third TBM is currently in operation from Atlas Road, constructing a logistics tunnel between Old Oak Common station site and the Atlas Road site. The preparation works for the launch of the two final TBMs from the Old Oak Common Box towards Euston will begin in 2024. 
 

For further information please contact:

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.

                                                                                                                                                             

Skanska Group uses knowledge & foresight to shape the way people live, work, and connect. Over 135 years in the making, we’re one of the world’s largest project development and construction companies, with 2021 revenue totaling SEK 148 billion. We operate across select markets in the Nordics, Europe and USA. Together with our customers and the collective expertise of our 30,000 teammates, we create innovative and sustainable solutions that support healthy living beyond our lifetime.

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