Skanska bolsters its North American order backlog after securing a $163 million contract to build and renovate academic infrastructure for the University of Mary Washington.
Skanska secured a USD 163M contract to build and renovate academic buildings, which is positive for its order backlog and revenue outlook.
Skanska has finalized a $163 million agreement with the University of Mary Washington to lead a major campus expansion project. The contract includes the construction of a new theatre and the comprehensive renovation of existing fine arts facilities in Fredericksburg, Virginia.
The $163 million contract involves building a new theatre and renovating existing fine arts facilities at the University of Mary Washington.