Skanska wins $163 million contract for New York waterfront project
Skanska has secured a $163 million contract to build a new waterfront connection in New York City, set to be recorded in the company's Q4 order backlog.
The construction firm Skanska has signed a contract with the New York City Department of Design and Construction to develop a new waterfront connection. Valued at $163 million, approximately 1.5 billion SEK, the project marks another addition to the company's infrastructure portfolio in the United States.
The contract value will be booked in Skanska’s U.S. order intake during the fourth quarter of 2026. This infrastructure investment is part of broader municipal efforts to enhance waterfront accessibility and integrate transport links within New York City’s dense urban environment.
Skanska remains a significant contractor for public infrastructure projects in North America. The company regularly secures such municipal contracts, which are vital for maintaining the firm’s steady project pipeline in the region.