Skanska constructs parking garage and improves Logan Airport in Boston, USA, for USD 450M, about SEK 4.7 billion
Rhea-AI Summary
Skanska has secured a USD 450M (SEK 4.7 billion) contract with Massachusetts Port Authority for significant improvements at Boston's Logan Airport. The project, part of Massport's NCEC Program, includes constructing a new 67,400 square meter Terminal E Parking Garage with 5,000 parking spaces. The development features vehicular and pedestrian bridge connections, roadway modifications, and sustainable elements including solar PV panels. Construction will commence in Q1 2025 with completion expected in 2028. The contract value will be recorded in US order bookings for Q4 2024.
Positive
- Secured major USD 450M contract for Logan Airport expansion
- Project adds 5,000 new parking spaces to portfolio
- Contract value to be included in Q4 2024 order bookings
- Implementation of sustainable features (solar panels) with Parksmart certification pursuit
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, SKBSY gained 2.09%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
As part of Massport's NCEC Program, this project will include the construction of a greater than 67,400 square meter (725,000 sq. feet) new Terminal E Parking Garage in the existing location. The multi-story structure will feature 5,000 parking spaces, as well as spaces for ground transportation on the lower-level.
The Program also includes the construction of a vehicular bridge connection to the existing central parking complex, as well as a new pedestrian bridge connecting the garage to Terminals E and C. In addition, modifications will be made to Arrival and Departures level roadways to accommodate access to the garage.
Solar PV panels will be installed on garage façade and roof to offset electricity consumption, and the project will seek a Parksmart certification issued by the Green Building Certification Institute.
Work will begin in the first quarter of 2025 and garage is anticipated to be completed in 2028.
For further information please contact:
Chris Mckniff, Communications Director, Skanska
Andreas Joons, Press Officer, Skanska Group, tel +46 (0)10 449 04 94
Direct line for media, tel +46 (0)10 448 88 99
This and previous releases can also be found at www.skanska.com.
This information was brought to you by Cision http://news.cision.com
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View original content:https://www.prnewswire.com/news-releases/skanska-constructs-parking-garage-and-improves-logan-airport-in-boston-usa-for-usd-450m-about-sek-4-7-billion-302331111.html
SOURCE Skanska
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