Skanska receives third contract valued at USD 120 M, about SEK 840 M, for transit hub in New York

Skanska has secured an additional assignment for construction of the Fulton Street Transit Center in lower Manhattan in New York City. The contract amount is USD 120 M, approximately SEK 840 M, which has been included in third-quarter order bookings. The customer is the New York City Transit Authority.

The new contract is for pedestrian bridges, platforms and three new entrances at the Fulton Street-Broadway-Nassau subway station. The project also includes some deconstruction work and all types of installations. After the underground work is completed, the street level will also be restored. Work will commence immediately and will be completed in early 2013. To minimize traffic disruption, the work will take place at night and on weekends. Fulton Street Transit Center is a planned hub for several subway lines in the Ground Zero area. Skanska is already on site and is performing foundation work in accordance with a previous contract worth USD 70 M. In 2008, Skanska completed the construction of the new Dey Street Concourse at the same hub. Skanska USA Civil is focused on the construction of traffic infrastructure and facilities for power, water and water treatment. The business unit has about 4,200 employees and operations in the eastern U.S., Colorado and California. Skanska USA Civil’s revenues amounted to about SEK 11.5 billion in 2008. For further information please contact: Karen Diemer, Communications Manager, Skanska USA Civil, tel +1 718 746 2785 Peter Gimbe, Press Officer, Skanska AB, tel +46 10 448 88 38 Direct line for media: tel +46 10 448 88 99