Skanska Awarded $87M NYC Subway Construction Contract
- Feb 13, 2012
February 13, 2012
By Barbra Murray, Contributing Editor
Skanska USA’s civil infrastructure division, Skanska USA Civil, in a joint venture with RailWorks subsidiary LK Comstock and Co., has secured a contract with the Metropolitan Transportation Authority to provide construction services for the Second Avenue Subway systems project in New York City. The project has a construction cost of $261.9 million, $87 million of which will go to Skanska.
The partners’ work will involve the modification of existing facilities, as well as track construction and the installation of systems for Phase I of the Second Avenue Subway. Work is on schedule to get underway in February 2012, with an estimated completion date in fall 2016.
Skanska USA Civil is no stranger to MTA infrastructure projects. In 2007, the firm won a contract valued at $400 million for the $1.1 billion extension of the 7 Subway Line. Additionally, in 2011, the firm inked a $386 million deal to furnish and install finishes and systems for the line’s extension.
And it has already been a busy year on the tracks for Skanska USA Civil. In addition to the new MTA assignment, the company kicked off 2012 with the announcement of a $347 million, joint venture design-build contract with the Santa Clara Valley Transportation Authority for the construction of a 10-mile BART system extension in California’s Silicon Valley area.