(September 15, 2011) -- Skanska has signed a contract to build the Second Avenue Subway line’s 86th Street Station structure in New York. The project is a joint venture between Skanska and Traylor Bros Inc., with a 70% share awarded to Skanska. The contract value for Skanska is $210 million (SEK 1.3 billion), which will be included in order bookings for Skanska USA Civil in the third quarter. The customer is the Metropolitan Transportation Authority of the State of New York.
The project includes drill and blast rock cavern excavation for the future 86th Street Station on the Second Avenue Subway line as well as installing the concrete structural lining. The job also involves extensive demolition work, support of excavation, utility work and the underpinning of existing buildings that are adjacent to the work site.
Construction will begin this month, and the work is scheduled to be completed in the fall 2014.
The station contract comes the day after Skanska USA signed a new contract with the Metropolitan Transportation Authority to furnish and install finishes and systems at the No. 7 Line subway extension from Times Square to West 25th St. and 11th Ave. in Manhattan. The project is a joint venture between Skanska and Railworks, with a 75% share awarded to Skanska. The contract value for Skanska is $386 million (about SEK 2.4 billion).
Skanska USA is a development and construction company consisting of four business units: Skanska USA Building, which specializes in building construction; Skanska USA Civil, specialized in civil infrastructure; Skanska Infrastructure Development, which develops public-private partnerships; and Skanska Commercial Development, which develops commercial development projects in select U.S. markets. Headquartered in New York, Skanska USA has approximately 7,400 employees and its 2010 revenues were $5.17 billion (SEK 34.3 billion).