Jan 29 2010
Skanska Infrastructure Development will be responsible for the development and management of the project for a period of 20 years.
The design and construction will be undertaken by Skanska Latin America. The construction project, located in the mining district in northern Chile, will comprise approximately 120 km of new lanes, upgrading of about 200 km as well as service roads and intersections. The design and construction assignment is expected to amount to USD 300-350 M, or approximately SEK 2.1-2.5 billion.
In the next phase negotiations will be concluded and financing for the project arranged. Financial close is expected to be reached later this year.
Following financial close, Skanska will make a further announcement stating its investment levels in the project together with the value and timing of the construction contract to be included in the company’s order bookings.
Source: http://www.skanska.com/