SKBSY - Skanska replaces Livingston Avenue Bridge in Albany NY USA for USD 596M about SEK 6.3 billion

PR Newswire

STOCKHOLM , July 10, 2024 /PRNewswire/ -- Skanska has signed a contract with the New York State Department of Transportation (NYSDOT) for the Livingston Avenue Bridge Replacement Project in Albany, New York , USA. The contract is worth USD 596M , about SEK 6.3 billion , which will be included in the US order bookings for the second quarter of 2024.

The scope of the project includes the replacement of the Livingston Avenue Bridge, including the addition of a movable two-track vertical lift railroad bridge over the Hudson River to connect the cities of Albany and Rensselaer, New York .

Additionally, the project includes the construction of control and machinery rooms; the installation of new railroad signals; the implementation of electrical infrastructure; and bridge and navigation lighting, realignment and improvements. Additional rail bridges will also be reconfigured and rehabilitated.

The new bridge will support higher-speed passenger and freight rail, as well as provide pedestrians and bicyclists safer and better access to cross the Hudson River.

Work commenced in May 2024 with expected completion in March 2028 .

For further information please contact:

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

Andreas Joons , Press Officer, Skanska Group, 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 .

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SOURCE Skanska