Swedish construction firm Skanska has secured a contract worth SEK620m ($73m) from Borlänge Municipality in Sweden to construct a new Gylle primary school.
The scope of the contract will include the construction of new buildings covering 19,000m² in addition to the refurbishment of the existing building.
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Under the contract, Skanska will also be responsible for the construction of an attached sports hall.
The Gylle school, constructed six decades ago, is considered to be one of the largest primary schools in Dalarna, Sweden. The school is expected to accommodate 1,200 students in the future.
Construction on the project is set to commence immediately and the project is expected to be finalised in 2026.
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The work will be carried out in phases, which will allow students to move into the first completed stage already at the turn of the year 2022/2023.
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By GlobalDataThe contract value will be included in the order bookings for Sweden for the fourth quarter of 2020.
In a separate development, Skanska said that it has agreed to sell its infrastructure services business in the UK to M Group Services for £50m.
Skanska’s infrastructure services operation in the UK includes highways maintenance, rail maintenance and the replacement and maintenance of street lights. The business generated revenue of £323m last year.
The sale forms part of Skanska’s plan to focus on its core operations in the infrastructure and building sectors.
The divestment is expected to be completed by the end of the first quarter of 2021.
Skanska stated that it will specify the final amount and closing of the divestment after the completion of regulatory approvals and other consents and the satisfaction of BPA conditions.
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A rendering of Gylle primary school. (Credit: Skanska)
