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Skanska signs additional contract for improvements at Logan Airport in Boston, USA, for USD 250M, about SEK 2.6 billion

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Skanska (OTC:SKBSY) has secured an additional USD 250 million contract with the Massachusetts Port Authority for improvements at Boston's Logan Airport Terminal E. The project includes constructing a new 67,400 square meter parking garage with approximately 4,000 parking spaces.

The comprehensive development encompasses vehicular bridge connections to the existing central parking complex, a new pedestrian bridge linking to terminals, and modifications to arrival and departure roadways. The project will feature sustainable elements including solar PV panels and aims for Parksmart certification. Construction will begin in Q2 2025 with completion expected in 2030.

Skanska (OTC:SKBSY) ha ottenuto un contratto aggiuntivo di 250 milioni di dollari dalla Massachusetts Port Authority per lavori di miglioramento al Terminal E dell'aeroporto Logan di Boston. Il progetto prevede la costruzione di un nuovo parcheggio di 67.400 metri quadrati con circa 4.000 posti auto.

Lo sviluppo completo include collegamenti tramite ponti veicolari al complesso parcheggi centrale esistente, un nuovo ponte pedonale verso i terminal e modifiche alle strade di arrivo e partenza. Il progetto integrerà elementi sostenibili come pannelli solari fotovoltaici e punta alla certificazione Parksmart. I lavori inizieranno nel secondo trimestre del 2025 e si prevede il completamento entro il 2030.

Skanska (OTC:SKBSY) ha asegurado un contrato adicional de 250 millones de dólares con la Autoridad Portuaria de Massachusetts para mejoras en la Terminal E del Aeropuerto Logan de Boston. El proyecto incluye la construcción de un nuevo estacionamiento de 67,400 metros cuadrados con aproximadamente 4,000 espacios para vehículos.

El desarrollo integral abarca conexiones de puentes vehiculares al complejo de estacionamiento central existente, un nuevo puente peatonal que conecta con las terminales y modificaciones en las vías de llegada y salida. El proyecto contará con elementos sostenibles como paneles solares fotovoltaicos y busca la certificación Parksmart. La construcción comenzará en el segundo trimestre de 2025 y se espera que finalice en 2030.

스칸스카 (OTC:SKBSY)가 매사추세츠 항만청과 보스턴 로건 공항 터미널 E 개선을 위한 추가 2억 5천만 달러 계약을 체결했습니다. 이 프로젝트에는 약 4,000대의 주차 공간을 갖춘 67,400제곱미터 규모의 새로운 주차장 건설이 포함됩니다.

종합 개발에는 기존 중앙 주차장 단지와 연결되는 차량용 다리, 터미널과 연결되는 새로운 보행자 다리, 도착 및 출발 도로의 변경이 포함됩니다. 이 프로젝트는 태양광 패널 등 지속 가능한 요소를 도입하며 Parksmart 인증을 목표로 합니다. 공사는 2025년 2분기에 시작되어 2030년에 완료될 예정입니다.

Skanska (OTC:SKBSY) a obtenu un contrat supplémentaire de 250 millions de dollars avec la Massachusetts Port Authority pour des améliorations au terminal E de l'aéroport Logan de Boston. Le projet comprend la construction d'un nouveau parking de 67 400 mètres carrés avec environ 4 000 places de stationnement.

Le développement complet inclut des ponts routiers reliant le parking central existant, un nouveau pont piéton vers les terminaux, ainsi que des modifications des voies d'arrivée et de départ. Le projet intégrera des éléments durables tels que des panneaux solaires photovoltaïques et vise la certification Parksmart. La construction débutera au deuxième trimestre 2025 pour une livraison prévue en 2030.

Skanska (OTC:SKBSY) hat einen zusätzlichen Vertrag über 250 Millionen US-Dollar mit der Massachusetts Port Authority für Verbesserungen am Terminal E des Logan Flughafens in Boston gesichert. Das Projekt umfasst den Bau einer neuen 67.400 Quadratmeter großen Parkgarage mit etwa 4.000 Parkplätzen.

Die umfassende Entwicklung beinhaltet Fahrzeugbrückenverbindungen zum bestehenden zentralen Parkkomplex, eine neue Fußgängerbrücke zu den Terminals sowie Änderungen an Ankunfts- und Abfahrtsstraßen. Das Projekt wird nachhaltige Elemente wie Solarpaneele enthalten und strebt eine Parksmart-Zertifizierung an. Der Baubeginn ist im zweiten Quartal 2025 geplant, die Fertigstellung für 2030.

Positive
  • Secured significant contract worth USD 250M, strengthening order bookings for Q2 2025
  • Large-scale project adding 4,000 parking spaces demonstrates strong market position in infrastructure development
  • Integration of sustainable features (solar panels) and pursuit of Parksmart certification enhances environmental credentials
  • Long-term revenue visibility with project extending to 2030
Negative
  • Extended project timeline (5 years) may expose to potential cost overruns and construction risks
  • Long construction period could impact regular airport operations and face logistical challenges

STOCKHOLM, June 26, 2025 /PRNewswire/ -- Skanska has signed an additional contract with the Massachusetts Port Authority (Massport) for the construction of a new parking garage and other modernization improvements at Logan Airport's Terminal E in Boston, USA. The contract is worth USD 250M, about SEK 2.6 billion, which will be included in the US order bookings for the second quarter of 2025.

As part of Massport's TERC 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 approximately 4,000 parking spaces, including 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 the terminals. In addition, modifications will be made to Arrival and Departures level roadways to accommodate access to the garage.

Solar PV panels will be installed to offset electricity consumption, and the project will seek a Parksmart certification issued by the Green Building Certification Institute.

Work will begin in the second quarter of 2025 and the garage is anticipated to be completed in 2030.

For further information please contact:

Chris Mckniff, Communications Director, Skanska USA, tel +1 (347) 409 2719
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

https://news.cision.com/skanska/r/skanska-signs-additional-contract-for-improvements-at-logan-airport-in-boston--usa--for-usd-250m--ab,c4168859

The following files are available for download:

https://mb.cision.com/Main/95/4168859/3525182.pdf

20250626 US additional contract Logan Airport

 

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SOURCE Skanska

FAQ

What is the value of Skanska's new Logan Airport contract in 2025?

Skanska secured an additional contract worth USD 250 million (SEK 2.6 billion) for improvements at Logan Airport's Terminal E in Boston.

How many parking spaces will the new Logan Airport Terminal E garage have?

The new Terminal E Parking Garage will feature approximately 4,000 parking spaces, including ground transportation spaces on the lower level.

When will Skanska complete the Logan Airport Terminal E parking garage project?

Construction will begin in Q2 2025 and is anticipated to be completed in 2030.

What sustainable features will be included in Skanska's Logan Airport parking project?

The project will include solar PV panels to offset electricity consumption and will seek Parksmart certification from the Green Building Certification Institute.

How large is the new Logan Airport Terminal E Parking Garage?

The new parking garage will be 67,400 square meters (725,000 sq. feet) in size.
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