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The first two machines will excavate the first 5,100ft of new rail tunnels from North Bergen to the Hudson County Access Shaft near Weehawken-Hoboken.
The agreement includes new breakwaters, beach expansion and coastline refurbishment to enhance Island B’s waterfront community.
Through the acquisition, BAM aims to strengthen its presence in the energy and water infrastructure sectors.
NCC is set to exit the stone materials and asphalt business as its focus shifts to core contracting operations across the Nordics.
Designed by Woods Bagot, the 33-storey scheme will provide 156 homes, including 18 affordable apartments.
