Skanska awarded $957M contract for California light rail project
Skanska, in a joint venture with Stacy Witbeck, has signed a contract with LA Metro for the East San Fernando Valley Light Rail Transit Project in Van Nuys, California. The contract is valued at USD 957 million.
Skanska, in a joint venture with Stacy Witbeck, has signed a contract with the Los Angeles County Metropolitan Transportation Authority (LA Metro) for the East San Fernando Valley Light Rail Transit Project in Van Nuys, California. The project's value is approximately USD 957 million, equivalent to about SEK 8.9 billion.
This additional contract covers the construction of a light rail transit connection in the Van Nuys area. The project is part of LA Metro's broader plans to enhance public transportation within Los Angeles County. Construction activities are expected to commence soon.
The deal represents a significant addition to Skanska's order backlog in North America. The company has a history of involvement in various major infrastructure projects across the United States. This contract reinforces Skanska's standing in the transport infrastructure sector.
LA Metro aims to expand its light rail network with multiple new lines to alleviate traffic congestion and improve regional accessibility. The East San Fernando Valley project is a key component of this strategic expansion.