Skanska Awarded $386 million Subway Contract in New York

Press release 9/14/2011 12:00 AM EST

Skanska has signed a new contract to furnish and install finishes and systems at the No. 7 Line subway extension from Times Square to West 25th St. and 11th Ave. in Manhattan, New York. The project is a joint venture between Skanska and Railworks, with a 75 percent share awarded to Skanska. The contract value for Skanska is $386 million, which will be included in order bookings for the third quarter. The customer is the Metropolitan Transportation Authority of the State of New York.