Skanska has signed a contract with University of Virginia to renovate and expand the current University hospital in Virginia, USA. The contract is worth $42M, which will be included in the order bookings for Skanska USA Building in the third quarter 2016.
The contract consists of early site work, utility relocations and installing the building foundation system. The entire multi-phased hospital expansion and renovation project is slated for completion in December 2020.
Construction services began in the June 2015 and this phase of the project is expected to be complete in September 2017.
Skanska USA is one of the leading development and construction companies in the country, 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 USA Commercial Development, which develops commercial projects in select U.S. markets. Headquartered in New York, Skanska USA has more than 10,000 employees and its 2015 revenues were SEK 54.5 billion.