SKBSY - Skanska secures NOK 3B highway construction contract in Norway

Skanska (SKBSY) signs NOK 3B contract with the Norwegian Public Roads Administration on building a motorway between Bærum and Hole municipality in Eastern Norway.The work includes the construction of modern four-lane motorway, expected to start in Feb. 2021.Skanska had sales of about SEK 70B in its 2019 Nordic operations, which will now see the addition of about SEK 2.9B in Q4 2020 order book from this new contract.Previously: Skanska sells stake in Virginia project for $625M(Nov. 9)

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Skanska secures NOK 3B highway construction contract in Norway