STOCKHOLM, Sweden, July 18, 2005 (PRIMEZONE) -- Skanska is to construct a new hub for the subway on Lower Manhattan -- the contract value amounts to USD 133 M, SEK 1,040 M. The amount will be included in order bookings for the second quarter of 2005. The customer is the New York City Transit Authority.
The project is part of the construction of the new Path Station and the rehabilitation of Lower Manhattan.
The assignment involves the construction of a concrete structural box for the Dey Street Concourse, which will comprise part of the Fulton Street Transit Center hub. The planned hub will link six existing subway stations and will also be connected with the Path Terminal at the World Trade Center. It is estimated that about 275,000 persons will pass through each day.
The project includes a new underground concourse, tracks and platforms for the R, W, 4 and 5 subway lines. The subway will be in operation during the entire construction period. The Skanska USA Civil unit Slattery Skanska will conduct the project. Work on site will commence in July 2005 and is scheduled for completion in January 2008.
Skanska USA Civil's operations focus on transportation infrastructure, and facilities for power generation, water and wastewater treatment in the eastern US, Colorado and California. The company has 4,400 employees. Skanska USA Civil's sales amounted to approximately SEK 12 billion in 2004.
More information about the project can be found at www.mta.info/capconstr/fstc/
This and previous releases can also be found at www.skanska.com
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