Skanska signs contract for USD 250 M, about SEK 1.6 billion to design and build the new Kosciuszko Bridge in New York City

Press release 6/16/2014 2:16 PM EST

Skanska has signed a contract with the New York State Department of Transportation to design and build the new Kosciuszko Bridge. The total project value is $555 million. Skanska will include its 45 percent share of the project value, about USD 250 M, about SEK 1.6 billion, in order bookings for Skanska USA Civil for the second quarter of 2014.

In a Skanska-led venture with Kiewit and ECCO III Enterprises, Skanska will design and build new eastbound structures for the Kosciuszko Bridge to carry the Brooklyn-Queens Expressway between Morgan Avenue in Brooklyn and the Long Island Expressway Interchange in Queens. Skanska will also perform the demolition of the existing bridge structures and buildings on acquired properties to clear the right-of-way for construction activities. The project also includes the reconstruction and realignment of local at-grade streets impacted by new construction or demolition activities; relocation of existing utilities from impacted local streets; and construction of a new drainage system and sewer facilities to collect and discharge storm water runoff from the new bridge structure.

Construction has begun and substantial completion is expected in early 2018.