Skanska secures string of school contracts worth a total of $178M

ConDig (11-Jan-19).  Swedish developer and contractor Skanska has secured three contracts worth a total of $178 million to new build school buildings across the US.

The company said that it had bagged a $64 million deal to construct a mixed-use Science, Technology, Engineering and Mathematics (STEM) school in Cullowhee, North Carolina. 

The 17,000-square-meter building will be a five-level facility with science labs and classroom spaces, along with a roof-top greenhouse and terrace making a sixth usable outdoor floor. 

Once construction of the STEM facility is complete in 2021, the adjacent existing 1970s-era four-level science building will be demolished and replaced with a courtyard.

Construction started in July last year and the project is slated for completion in October 2021.

Skanska has also bagged an additional contract for a high school in Sherwood, Oregon for $70 million. 

Construction started in June last year and is expected to be finished in time for the 2020-21 school year.

It comes as Skanska also reported that it had secured a contract for new schools in Vancouver, Washington, for $44 million.

Under the additional contract with the Vancouver School District in Washington, the company will build two new adjacent schools on an existing site. Construction will be completed in December 2020.

The latest deals come on the heels of Skanska’s $128 million contract signed this week to construct an academic building at the Brookline High School in Massachusett

Last month, a joint venture led by Skanska secured a $169 million contract to upgrade the Chelsea Viaduct Bridge in Boston, Massachusetts.

In November, another joint venture led by Skanska bagged a 75 million contract to build four schools in Harrison, Ohio. The company also reported in November 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.

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