Swedish construction company Skanska, along with Electrification of Railways in Prague, has secured a contract to upgrade railway track in Pardubice, Czech Republic.

The company’s share of the contract is $73.4m (SEK620m).

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Skanska’s scope of work under the contract involves complete upgrade of a 7.4km-long railway track as well as the infrastructure, pre-electrification adjustments to make the track gain more capacity, and to double the whole track.

Additionally, the company will be responsible for the construction of a new train stop, a new underpass for pedestrians, several new crossings as well as a new double-track bridge.

Meanwhile, Electrification of Railways in Prague’s part of work will involve the electrification system of the project.

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Construction work on the project is scheduled commence this month and is expected to be completed in December 2023.

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In a separate development, Skanska divested its infrastructure services business in the UK to M Group Services for $68.7m (SEK580m).

The divested businesses include highways maintenance, rail maintenance as well as streetlighting replacement and maintenance.

Through this deal, the company gained nearly $42.6m (SEK360m).

Last month, construction company announced nearly SEK390m investment in the first stage of a new office building in Stockholm, Sweden.

The project, named Sthlm 02, is located in Hammarby Sjöstad. It will include a café and other service functions on the street level.

The new seven-storey office building will include 14,500m2 of total leasable area and also houses a metro entrance. The project’s first phase will have approximately 7,600m2 of leasable area.

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Skanska secures contract to upgrade railway track in Czech Republic. Credit: Aleksejs Ivanovs from Pixabay.