ConDig (23-Sept-21). Swedish developer and contractor Skanska has driven off with a $82 million deal to build an interchange at Interstate 75 (I-75) and Big Bend Road in Hillsborough County, Florida.
Under the design and build contract with the Florida Department of Transportation, the company will widen and reconstruct the Big Bend Road and reconfigure the I-75 ramps in a bid to improve traffic ﬂow and reduce delays.
The revamp will change Big Bend Road from an existing four-lane rural roadway to a six-lane urban highway. The contract will also include replacement of existing bridges, accommodations for pedestrians and bicyclists, upgrades to roadway lighting, and adjustment and installation of wet utilities.
Construction on the project started in August and the new interchange is slated for completion by August 2024.
Earlier this month, Skanska unveiled that it had invested $129 million into an office development in Arlington, Virginia.
In July, Skanska signed a $248 million contract to upgrade an existing corporate campus in Long Island, New York.
The company said it had sold off its US multi-discipline design firm PCI Skanska Inc (PCIS) for $20 million in June.
In May, Skanska made a record investment in its biggest office development project in Bellevue, Washington. It plans to develop and build a 25-story, 50,300 square meter office tower called The Eight for an investment value of $476 million.
In April, a joint venture led by Skanska landed a $308 million contract for a Signia by Hilton hotel in Atlanta, Georgia.
Skanska secured a $73 million contract for a multi-purpose event center in Clarksville, Tennessee, also in April.
In December, Skanska bagged two contracts in Georgia and Florida worth a total of $120 million. It also signed an additional $80 million contract to expand Portland International Airport, Oregon.