Skanska to Construct Rail Tunnel in New York

Press release 5/18/2010 12:00 AM EST

Skanska has been awarded a design/build contract for a new rail tunnel in New York. Skanska’s share of the contract amount is $52 million, which will be included in second-quarter order bookings. Skanska has a 20-percent share of the total contract amount, which is $258 million.