Skanska to renovate subway in Manhattan for USD 59.9 M, SEK 570 M
Skanska to renovate subway in Manhattan for USD 59.9 M, SEK 570 M Skanska will rehabilitate and modernize the Lexington Avenue/Third Avenue, Queens Boulevard IND Station at 53rd Street in Manhattan. The contract is valued at USD 59.9 M, about SEK 570 M. The customer is the NYC Transit Authority. Skanska is the successful low bidder in the tendering process and a contract is expected to be signed next week. The project will be included in order bookings for the first quarter of 2001. The scope of the work, which will be carried out by Slattery Skanska and Gottlieb Skanska, consists of an extensive rehabilitation of the station, including reconstruction of the mezzanines and platforms, installation of a new escalator and elevator, renovation of stairs, token booths and concession area, as well as electrical and other utility installations. A new connecting mezzanine will also be built. The project is aimed at improving the aesthetic environment as well as increasing safety and passenger flow. Skanska USA has this month received new contracts totaling USD 1,077 M, about SEK 10 billion, including Skanska's largest contract for construction of a building ever received, the biopharmaceutical company Immunex' headquarters, research and development facilities in Seattle. The value of the construction is USD 500 million. Accordingly, Skanska AB has received new contracts this year with a total value of SEK 15 billion. For further information please contact: Stephanie Infranco, Marketing Coordinator, Slattery Skanska, New York, Tel +1 718 767 26 00 Peter Wallin, Head of Investor Relations, Skanska AB, Tel +46 70 953 88 86 This and previous releases can also be found at www.skanska.com ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/01/26/20010126BIT00490/bit0001.doc http://www.bit.se/bitonline/2001/01/26/20010126BIT00490/bit0002.pdf