Skanska signs additional contract to expand hospital in Portland, Oregon, USA, for USD 111M, about SEK 1.2 billion

Rhea-AI Summary

Skanska has amended its contract with Oregon Health & Science University for the Hospital Expansion Project in Portland, Oregon. The amendment, valued at USD 111 million (approximately SEK 1.2 billion), will be included in the Q1 2023 US order bookings. The project entails constructing a 14-story hospital expansion, featuring patient floors, parking, mechanical spaces, and three pedestrian sky bridges. Construction began in 2022 and is expected to be completed by 2026.

Positive

• Contract amendment adds USD 111 million to order bookings.
• Expansion project expected to enhance hospital facilities and capacity.

Negative

• None.

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STOCKHOLM, April 4, 2023 /PRNewswire/ -- Skanska has signed a contract amendment with Oregon Health & Science University for its Hospital Expansion Project in Portland, Oregon, USA. The contract amendment is worth USD 111M, about SEK 1.2 billion, which will be included in the US order bookings for the first quarter of 2023.

The contract includes patient floors, parking, mechanical and electrical space to support hospital functions, three pedestrian sky bridges to connect the new tower to the existing buildings, roadway improvements, and a new multi modal hub bus stop.

Construction of the approximately 50,000-square meter 14 story hospital expansion began in 2022 and is expected to open to patients in 2026.

For further information please contact:
Daniela Arellano,
Communications Director,
Skanska USA,
tel +1 -213-317-4977

Andreas Joons,
Press Officer,
Skanska AB,
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.

The following files are available for download:

https://mb.cision.com/Main/95/3746523/1964763.pdf	20230404 US hospital
https://news.cision.com/skanska/i/image-portland-hospital---image-cred-nbbj,c3163869	Image Portland hospital - image cred NBBJ

 

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SOURCE Skanska

FAQ

What is the value of the contract amendment signed by Skanska with Oregon Health & Science University?

The contract amendment is worth USD 111 million, approximately SEK 1.2 billion.

When is the new hospital expansion project in Portland expected to open?

The hospital expansion is expected to open to patients in 2026.

What features are included in the Skanska hospital expansion project?

The project includes patient floors, parking, mechanical space, pedestrian sky bridges, and roadway improvements.

How does the contract amendment impact Skanska's Q1 2023 financials?

The contract amendment will be included in the US order bookings for Q1 2023.

When did construction for the Portland hospital expansion begin?

Construction began in 2022.