Skanska books $480M in airport, healthcare projects

Award: Healthcare project
Value: $58 million
Location: Livingston, New Jersey
Client: RWJBarnabas Health

Award: Airport expansion
Value: $422 million
Location: Portland, Oregon
Client: Portland International Airport

Swedish contractor Skanska has added two sizable U.S. projects to its order bookings for the third quarter. 

Early in September, Skanska signed a contract amendment worth $422 million for improvements on the Portland International Airport Project. The Oregon airport work will include contributions to the Terminal Core Expansion project. 

More recently, Skanska inked a $58 million deal with RWJBarnabas Health to construct a five-story, 139,930-square-foot healthcare project in Livingston, New Jersey. Construction has begun on both projects. 

In Portland, Oregon, Skanska’s joint venture with Hoffman Construction Co. has worked on the airport already. The airport has been underway for about five years, and the JV delivered Concourse E in the summer of 2020, adding six new gates for Southwest Airlines, along with seven new shops and restaurants.

Hoffman Skanska also delivered a Concourse B expansion in December, adding six gates for Alaska Airlines and two new restaurants. The International Airport expects to conclude all of the expansion and update work in roughly 2026, a spokesperson confirmed to Construction Dive.  

On the other side of the country, Skanska will build the Cooperman Barnabas Medical Center, an ambulatory care cancer center, and finish the project in 2025. Construction will include a parking garage.

In July, Skanska’s CFO Magnus Persson told Construction Dive the contractor probably had “the best balance sheet in the industry.” Despite a dip in second quarter profits, Skanska remained optimistic about U.S. projects, in large part due to support in infrastructure work in the coming months.

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