Skanska to Construct Hospital in Louisiana for $118 Million

Press release 6/11/2012 12:00 AM EST

Skanska and its joint venture partner MAPP Construction have secured the second increment of the contract for the new University Medical Center in New Orleans, La. The contract amounts to $130 million. Skanska’s share of the project is 90 percent, which amounts to $118 million. The order will be included in the bookings for USA Building in the second quarter of 2012.