Skanska to expand and renovate at the University of Kentucky, USA, for USD 53 M, about SEK 345 M

Press release 8/12/2013 8:26 AM EST

Skanska has signed a contract with the University of Kentucky for the expansion and renovation of its Gatton College of Business and Economics building. A contract value of USD 53 M, about SEK 345 M, will be included in order bookings for Skanska USA Building for the third quarter of 2013.

The project will consist of additions totaling about 5,500 square meters and about 13,000 square meters of renovations.

Work will commence in November 2013 with anticipated completion in March 2016.

Skanska USA is one of the leading development and construction companies in the country, consisting of four business units: Skanska USA Building, which specializes in building construction; Skanska USA Civil, specialized in civil infrastructure; Skanska Infrastructure Development, which develops public-private partnerships; and Skanska Commercial Development, which develops commercial projects in select U.S. markets. Headquartered in New York, Skanska USA has approximately 8,300 employees and its 2012 revenues were SEK 37.3 billion.