Veidekke and its subsidiary Arcona have won a contract to build Vitartes’ St Erik's Eye Clinic in Stockholm, Sweden.
The SEK1bn ($116.3M) contract will be executed on a turnkey basis, with its first part, valued at SEK320M ($37.2M), set to commence immediately.
The facility will be connected to the new Karolinska Hospital, an area where a number of other development projects are being carried out.
The new 42,000sq m clinic is expected to achieve the Sweden Green Building Council's Gold Standard certification.
Arcona’s CEO Jeanette Saveros said: "We are proud to have been selected to undertake yet another major project with Vitartes. This strengthens our position as the leading builder of large projects with challenging external framework conditions.
"Here our collaborative model with involvement and VDC comes into its own where we combine and exploit the group's broad expertise."
Planning and design work have already begun, and the new building is set to be complete at the 2019/2020 turn of the year.
* Data provided by Timetric's Construction Intelligence Center.