Skanska lands new major contract in New York valued at USD 76 M
Skanska lands new major contract in New York valued at USD 76 M - Skanska's share amounts to 80 percent The U.S. subsidiary, Slattery Skanska has been contracted by Metro-North Railroad in New York to construct a maintenance facility for commuter trains. The contract is valued at USD 76 M, about SEK 825 M, of which Skanska Slattery will be responsible for 80 percent. Slattery Skanska and the engineering firm Edwards and Kelcey are cooperating in a joint venture for this negotiated contract covering the design and construction of the turnkey facility. The new Highbridge Yard Rail Maintenance Facility near Yankee Stadium in the Bronx includes a 62,000-square-foot maintenance building, with space for 20 cars on two tracks. The contract includes all equipment needed to service diesel and electric powered trains, which will be stored in the yard between morning and evening commuter rush hours. An office and employee area will be built above the maintenance shop with an overpass connecting to new station platforms. Other project components include 3.5 kilometers of track, 32 switches and an electric substation. Work at the site will begin immediately with project completion in 18 months. Metro-North Railroad, a subsidiary of the Metropolitan Transportation Authority, New York, is the second largest commuter rail company in the U.S. The new Highbridge facility will replace a maintenance complex at Grand Central Station, which will eventually become the Passenger Concourse for Long Island Rail Road's East Side Access project. Skanska has a total order backlog in the US of USD 10 billion, SEK 108 billion. During the first six months of this year, the order backlog increased 49 percent. Skanska's American operations have thereby secured contracts that are equivalent to nearly two years of construction work. For further information please contact: Stephanie Infranco, Director of Corporate Communications Slattery Skanska, Tel +1 718 767 26 00 Tor Krusell, Senior Vice President Communications, Skanska AB, Tel +46 8 753 87 47 This and previous releases can also be found at www.skanska.com ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/09/24/20010924BIT00430/bit0001.doc http://www.waymaker.net/bitonline/2001/09/24/20010924BIT00430/bit0002.pdf