Skanska has, as part of a joint venture with Flatiron, Stacy and Witbeck, signed a contract with the California Department of Transportation to construct two segments of the Interstate 5 North Coast Corridor Phase 1 Project. The total contract is worth USD 220M. Skanska USA Civil will include its share of the contract worth USD 88M, about SEK 750M, in the order bookings for the fourth quarter 2016.
The North Coast Corridor is a transportation and environmental enhancement program located in San Diego County’s northern coastal area that includes 22.5 kilometers of highways. The project includes a variety of upgrades to the Interstate 5 highway, its bridges, adjacent railways and lagoons. This contract award specifically addresses HOV upgrades to the San Elijo highway section of Interstate 5 and the rail crossing at the San Elijo Lagoon.
Construction of the project will begin in early 2017 with completion scheduled for late 2020.