Skanska replaces 21 escalators in New York, NY, USA, for USD 145M, about SEK 1.5 billion

Skanska has signed a contract with the Metropolitan Transportation Authority (MTA) to replace 21 escalators in locations throughout New York, NY, USA. The contract is worth USD 145M, about SEK 1.5 billon, which will be included in the US order bookings for the fourth quarter of 2023.

The project includes the replacement of 21 escalators and existing equipment in associated escalator and machine rooms with upgraded equipment that adheres to applicable code requirements and operational needs.

Work begins in January 2024 and is expected to reach completion in February 2027.

For further information please contact:

Maritza Ferreira, Vice President of Communications, Skanska USA, tel +1 (678) 492 2003

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.