Skanska To Build New Road Grade Separation In Southern California For $96M

Skanska SKBSY inks a contract with the San Gabriel Valley Council of Governments to serve as the Fullerton Road Grade Separation Project contractor in the City of Industry, Southern California, USA.
The contract is worth $96 million (~SEK 845 million) and will be included in the US order bookings for Q3.
The project will lower Fullerton Road under the existing Union Pacific railroad tracks in the City of Industry, between Rowland Street and State Route 60.
Additionally, a six-lane roadway underpass, four-track railroad bridge, and a bridge for Railroad Street spanning Fullerton Road will be constructed.
Construction to start in 3Q21, with completion expected in 4Q24.
Price Action: SKBSY shares closed higher by 2.76% at $29.44 on Monday.