SKBSY - Skanska nabs contract for work at wastewater resource recovery facility in NY for $248M

As part of a joint venture with R.J. Industries, Skanska (OTCPK:SKBSY) has signed a contract with NYC Department of Environmental Protection to do work at its Hunts Point Wastewater Resource Recovery Facility in the Bronx, New York, USA. The total contract is worth $309M, of which Skanska's share of the contract is worth about $248M, which will be included in the US order bookings for Q1. The contract includes the installation of cast-in-place concrete, prefabricated guardhouse and walkway bridges, electric, heating, ventilation, and plumbing, instrumentation and controls, site clearing, excavation and final landscaping. Construction will begin in spring 2022 and is scheduled for completion in March 2026.

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Skanska nabs contract for work at wastewater resource recovery facility in NY for $248M