Skanska improves State Route 57/60 Freeway Interchange in California, USA, for USD 267M, about SEK 2.8 billion

Skanska has signed a contract with the San Gabriel Valley Council of Governments to make improvements to the California State Route 57/60 interchange that runs through the City of Diamond Bar and the City of Industry in California, USA. The contract is worth USD 267M, about SEK 2.8 billion, which will be included in the US order bookings for the second quarter of 2023.

The purpose of the project is to reduce traffic at the State Route 57/60 interchange that is part of the State Route 57/60 confluence. This approximately 3 kilometer stretch of highway is the sixth most congested freeway segment in the country and third most congested in California. Improvements include the reconstruction of an overpass bridge, reconfiguration of various on- and off-ramps, and the construction of an approximately 800 meters long elevated bypass.

Construction will commence in June 2023 and expected completion is June 2028.

For further information please contact:

Meghan Carvalho, Communications Manager, Skanska USA, +1 (951) 675-2337

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 2022 revenue totaling SEK 162 billion. We operate across select markets in the Nordics, Europe and USA. Together with our customers and the collective expertise of our 28,000 teammates, we create innovative and sustainable solutions that support healthy living beyond our lifetime.