Skanska has signed an expansion and renovation contract with Specialfastigheter Sverige, a Swedish state-owned property company, for the Österåker correctional facility, located north of Stockholm, Sweden.
The contract for the facility is valued at approximately Skr1.3bn ($136m).
It will be registered in the company’s Swedish order bookings for the second quarter of 2025.
Since early 2022, Skanska has been engaged in construction and preparatory works for the last phase of the project, which has now been finalised.
The overall construction plan involves the reconstruction of two buildings, the creation of 13 new buildings, and various smaller service structures, alongside necessary ground and foundation works.
The phased handover of the completed sections to Specialfastigheter Sverige is scheduled to continue until the autumn of 2027.
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By GlobalDataIncluding previously billed work, the total project value for the company reaches approximately Skr2.7bn.
Skanska, a project development and construction group, has a presence in Europe and North America.
The company has recently secured multiple contracts across Scandinavia.
In Norway, Skanska has been contracted by Statkraft for enhancements to a water tunnel and the construction of a new 2km long access tunnel at the Saurdal hydroelectric power plant.
In Sweden, Skanska will construct three new buildings and associated groundwork at the Skogome prison in Gothenburg for Specialfastigheter.
Additionally, last month, Skanska entered into a Skr580m ($58.4m) agreement with the Municipality of Landskrona for the construction of a football stadium and an indoor swim centre, with construction set to commence in August of this year.
The football arena is anticipated to be completed by 2027, while the swim centre is expected to be ready by 2028.
