Skanska to build and renovate university buildings in Fredericksburg for $163M

Skanska has secured a contract with the University of Mary Washington to construct a new theater and renovate existing fine arts buildings in Fredericksburg, Virginia. The contract value is USD 163 million.

The project scope includes site development, infrastructure, core shell, and interior fittings for a new multi-story theater featuring a 293-seat performance hall, spanning approximately 6,300 square meters. Additionally, the project involves the renovation of interior spaces within approximately 7,600 square meters of fine arts buildings.

Construction is scheduled to commence in September 2026, with an anticipated completion date in October 2028. This contract will be included in Skanska's US order bookings for the third quarter of 2026.

Skanska is a global construction and development company with operations in select European and US markets. The company focuses on developing sustainable solutions within the construction industry.