Skanska builds new research and education tower in Tampa, FL, USA, for USD 41M

Press release 7/7/2017 2:30 AM EST

Skanska has signed a contract with the University of South Florida to build the Morsani College of Medicine and Heart Institute tower in Tampa, FL, USA. The contract is worth USD 41M, about SEK 360M, which will be included in the US order bookings for the second quarter 2017.

Hi-res image US education tower

The new education and research tower will be located in an urban setting of the downtown area of the city. With about 409,028 square feet, the building will consist of an anticipated 14 levels.

Construction will begin in August 2017, and the project is expected to be complete in December 2019.

Skanska is one of the leading development and construction companies in USA, specialized in building construction, civil infrastructure and developing commercial properties in select US markets. Skanska also offers services in public-private partnerships. Skanska USA had sales of SEK 59 billion in 2016 and had about 9,300 employees in its operations.