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Skanska Wins GBP 59mn Contract to Build Railway Viaduct in London

Oct 13 2009

Skanska ( STO:SKAB) has secured an assignment to construct a railway viaduct in London. The contract amounts to GBP 59 M, or about SEK 660 M, which will be included in Skanska’s order bookings for the third quarter. The customer is Network Rail.

The project pertains to a 400-meter long viaduct over the Borough Market food market in southeast London. The assignment also includes demolition works and implementation of temporary relocation of Borough Market.

As part of a previous contract, Skanska assisted the customer in planning and developing the project.

Construction work will start immediately and is scheduled for completion in August 2012.

Skanska UK reported revenues of SEK 17.9 billion in 2008, with about 4,800 employees. The company is active in building and civil construction, utilities and building services. Skanska is also a leader in the British program for private public partnerships, PFI (Private Finance Initiative).

Source: http://www.skanska.com/

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