Skanska Bags $542m Construction Contract
Skanska’s share of the contract is 80 percent, corresponding to $434m, approximately SEK3.1 billion, which will be included in order bookings for the first quarter. According to Skanska, PATH is the Port Authority's commuter rail system, which connects New Jersey to downtown Manhattan.
The JV partnership is responsible for placement of all cast-in-place concrete to construct the new station platforms 36 feet below and immediately west of New York City Transit's (NYCT) No. 1 Subway Line structural box. Structural steel and precast concrete work was awarded under a separate contract to a different contractor.
The concrete roof also will form the plaza to the east of the new WTC Memorial. The mezzanine of the new station will connect to the future transit hall to the east, which will facilitate connections to NYCT trains, said Skanska.
Skanska claims that the contract includes completion of the east/west connector and West Street underpass, connecting the station to the World Financial Center. All self-performed civil work for this contract will be executed in conjunction with Granite Construction. Skanska will complete all mechanical/electrical/plumbing (M/E/P) work and architectural finishes.
Work on the project will begin in March 2010 and is scheduled for completion in May 2014. Both Skanska USA Civil and Skanska USA Building will take part in the implementation of the project with a 50 percent and 30 percent share respectively of the total contract amount.
Mike McNally, executive vice president at Skanska, said: “The construction of the new PATH station will play a significant role in the rebuilding of the World Trade Center site. This exemplifies Skanska’s ability to provide both heavy civil and building expertise to deliver one of the most comprehensive transit hubs in one of the busiest cities in the world.”
Will the contract enhance Skanska's market position?
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