Skanska constructs research and educational facility in Connecticut, USA, for USD 88 M

Press release 2/12/2014 10:05 AM EST

Skanska has signed a contract with the University of Connecticut (UConn) in Connecticut, USA, to construct the school’s new Innovation Partnership Building research facility. The contract value for Skanska is USD 88 M, about SEK 570 M, which will be included in the order bookings for Skanska USA Building for the first quarter 2014.

The new 118,000 square foot building will serve as the cornerstone of the University of Connecticut’s new technology complex called UConn Technology Park. The building will include shared laboratories with highly specialized equipment for private researchers and business entrepreneurs as they work side-by-side with University of Connecticut researchers and students.

Project operations have begun and are expected to be completed in January 2017.

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.