Skanska-led JV secures $75M schools contract

ConDig (14-Nov-18).  A joint venture led by Swedish developer and contractor Skanska has landed a $75 million contract to build four schools in Harrison, Ohio.

Under a deal with the Southwest Local School District and the Ohio Facilities Construction Commission, Skanska and joint venture partner Megen Construction Company, Inc. will replace five existing schools with three new elementary schools and one new middle school. The new schools are designed to be LEED Silver certified.

Construction on the 34,000-square meter building program is slated to start in June next year and the project is expected to be complete in September 2021.

Skanska will include its 70% share of the contract, totaling $54 million, in the US order bookings for the fourth quarter 2018.

Last week, the company reported that operating income tumbled 49% in the third quarter to Swedish crowns (SEK) 2.4 billion compared with SEK 4.7 billion a year earlier, while order intake at the group’s construction division, which books the bulk of group sales, was 30.6 billion Swedish crowns ($3.40 billion) compared with 34.1 billion in the year-ago period.

Last month, Skanska landed a $76 million contract to revamp the Manhattan Bridge in New York City.

It followed a $131 million deal to manage the construction of a new campus at Collin College in Wylie, Texas, and a $111 million contract to upgrade a 200,000-square-foot academic building in Connecticut. It also won a $52 million deal to construct a sciences building at the WSU Pullman campus in Pullman, Washington.

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