Skanska to build rock caverns for radioactive waste final repository in Sweden for approximately SEK 1 billion
Skanska has signed a contract with Svensk Kärnbränslehantering AB (SKB) to construct rock caverns for the final repository of short-lived radioactive waste in Forsmark, Sweden. The contract is valued at approximately SEK 1 billion.
Skanska AB has secured a contract with Svensk Kärnbränslehantering AB (SKB) for the construction of new rock caverns dedicated to the final repository of short-lived radioactive waste (SFR) in Forsmark, Sweden. The contract is valued at approximately SEK 1 billion and is scheduled to be included in Skanska's order bookings for Sweden in the third quarter of 2026.
This agreement serves as a continuation of an existing contract between the parties, supplementing the design phase (phase 1) with the production phase (phase 2). The production phase itself is structured into multiple stages, with individual contracts for each stage being signed sequentially.
The project involves the excavation and construction of additional underground rock caverns adjacent to the existing repository. This undertaking is a significant component of Sweden's strategy for managing radioactive waste generated by its nuclear power program.
Construction activities are expected to commence following the completion of detailed planning and design work. This contract represents a substantial order for Skanska's operations in Sweden and underscores its role in large-scale infrastructure projects.