Under the contract, Skanska’s share is worth $422m (about SEK4.1bn).
Skanska will include this contract amount in the US order bookings of Q3 2022.
This contract features work on the Terminal Core Expansion project, covering interior and exterior polishes.
Construction of the project has already started, with substantial completion slated for 2025.
In June 2021, the JV won Terminal Core Expansion project, consisting of structural, mechanical and electrical work and enclosure, reported ConstructionDigital.
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In December 2020, the JV signed a contract with the Port of Portland to make improvements to the Portland International Airport under the $950m redevelopment project of the airport, reported Global Construction Review.
In a separate development, Skanska has invested $73.52m (about SEKp770m), in a new office building in Havneholmen in Copenhagen, Denmark.
Out of ten floors, FLSmidth will take seven floors on lease, representing about 80% of the building.
A multitenant office building, CPH Pulse has total 16,800m2 area.
This is the second phase of the CPH Highline, with the first phase being divested last year.
Its construction will begin this month, with completion slated for the fourth quarter of 2024.
The project will be certified with DGNB Platinum.
The project execution will be carried out in cooperation with the management contractor KPC.
Image: Skanska will include this order in the US order bookings for the Q3 of this year. Credit: David Mark from Pixabay.