Peab has secured a $13.08m (SEK136m) contract to rebuild Kungsgatan, which was inaugurated in 1911 and is one of Stockholm’s most historic streets.

The contract was awarded by the city of Stockholm.

As Kungsgatan is slightly more than one hundred years old, there is a need to fortify the ground under the street and renovate it between Sveavägen and Norrlandsgatan to equip it to handle future traffic.

Peab region manager Carl Johan Söderberg said: “We’re very pleased to be entrusted with continuing to improve downtown Stockholm. Kungsgatan is a challenging project, especially since we need to keep traffic flowing and businesses running during construction.

“There are a lot of similarities between upgrading Kungsgatan and Vasagatan, which we completed this summer together with the traffic department.”

To keep the street open to everyone and minimise disturbing passersby and street life, the project has been divided into different stages of construction.

Furthermore, some stages will be built consecutively to optimise construction time.

Construction will commence in spring 2023 and is expected to be completed by summer 2025.

This contract will booked by Peab in Q4 2022.

Earlier this week, Peab was commissioned by Region Jönköping County to reconstruct parts of Högland Hospital in Eksjö, Sweden.

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Image: Kungsgatan street is slightly more than one hundred years old. An illustration by Sweco. Credit: Sweco/Peab/Cision.