Skanska lands a $163 million infrastructure contract in New York City, bolstering its U.S. order backlog with a major waterfront development project scheduled for completion in 2030.
Skanska has secured a USD 163 million contract with the New York City Department of Design and Construction to build the East Side Greenway 14th Street Connector. This project, which involves constructing a new waterfront promenade, will be included in the company's US order bookings for the fourth quarter of 2026, providing long-term revenue visibility through its completion in 2030.
The contract is valued at USD 163 million, approximately 1.5 billion SEK.
Construction is scheduled to begin in early 2028, with completion expected by the end of 2030.
Skanska has finalized a $163 million agreement with the New York City Department of Design and Construction to build the East Side Greenway 14th Street Connector. The project, which includes a new waterfront promenade and improved public infrastructure, will be added to the company's U.S. order backlog in the fourth quarter of 2026.
The contract involves building the East Side Greenway 14th Street Connector, featuring a new waterfront promenade, shared pedestrian and cycling paths, and enhanced public facilities.