Skanska Expects Subway Project in New York

Press release 11/11/2007 6:00 PM EST

According to MTA New York City Transit, Skanska USA Civil Inc. will be awarded the contract for an extension of the 7 Subway Line in the next few weeks. The contract is expected to amount to USD 1.14 billion, approximately SEK 7.8 billion, of which Skanska’s share is 35 percent. When the contract has been signed, USD 400 M, approximately SEK 2,750 M will be included in order bookings for the fourth quarter. The customer is MTA New York City Transit.