PRNewsWire
01 Jun 2026, 06:04 UTC · 3h ago
Source · https://www.prnewswire.com/news-releases/skanska-builds-second-avenue-subway-project-phase-ii-in-new-york-usa-for-usd-498m-about-sek-4-6-billion-302786797.html
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Skanska has secured a contract share worth USD 498 million (approximately SEK 4.6 billion) for Phase II of the Second Avenue Subway project in New York. — This represents a significant increase in order bookings and guaranteed future revenue for the company's US operations.
+0.40The project is part of a larger USD 1 billion contract executed via a joint venture with Traylor Bros., Inc. and Walsh Construction. — Joint ventures distribute risk and resources, though the total project scale demonstrates Skanska's capacity for high-value infrastructure work.
+0.20The construction work is scheduled to begin in May 2026 with an expected completion date in Q3 2030. — Provides a clear medium-to-long-term timeline for revenue recognition and operational deployment.
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