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Skanska has secured a contract valued at USD 144 million (approx. SEK 1.3 billion) with Evergreen Public Schools for the construction of a new Mountain View High School in Vancouver, Washington. The project's scope encompasses the demolition of the existing structure, construction of a 26,000 square-meter building, and the development of new athletic fields and a parking lot. Construction commenced in July 2020 and is expected to conclude in December 2022. This contract will contribute to Skanska's order bookings for Q3 2020.
Skanska, in partnership with Manafort Brothers, has secured a USD 212 million contract from the Rhode Island Department of Transportation to replace a section of northbound Interstate 95 in Providence. Skanska's portion amounts to USD 106 million (approximately SEK 932 million), which will be reflected in their Q3 2020 US order bookings. The project aims to enhance traffic operations and includes bridge demolition and reconstruction. Construction commenced in July 2020 and is slated for completion by December 2024.
Skanska has sold a portfolio of five multifamily projects in Skåne, Sweden, for approximately SEK 1.5 billion to KPA Pension. The transaction will impact Skanska Sweden's residential development stream in Q3 2020. Projects include 600 apartments in Malmö, Lund, Helsingborg, and Ängelholm, emphasizing sustainability. Construction timelines are set from 2020 to 2024, with expected handover starting in Q2 2021. Skanska reported sales of around SEK 70 billion in 2019, employing over 15,200 in Nordic operations.