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Investors - JULY 9, 2020

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Skanska moves forward with Massachusetts rail expansion

by Released

As part of a joint venture with D.W. White Construction, Skanska has signed a contract with Massachusetts Bay Transportation Authority (MBTA) to build the Fall River Secondary Line, the first major package of the South Coast Rail Phase 1 Expansion in Massachusetts.

The total contract is worth $159 million. Skanska will include its $79 million portion of the contract in the United States in the second quarter 2020.

The project includes two new stations, in Freetown and in Fall River, and a layover facility for train storage in Fall River. The contract also includes 19 kilometers ($11 miles) of track, eight railroad bridges, 10 grade crossings and additional systems infrastructure.

Construction began in June and is scheduled for completion in October 2022.

Skanska specializes in building construction, civil infrastructure and developing commercial properties in select U.S. markets.

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