Skanska, a prominent player in the construction industry, is all set to embark on two significant projects in 2025. These projects showcase the company's extensive reach and expertise across different regions. With contracts in Norway and Texas, US, Skanska is making waves in the construction arena.

Unveiling Skanska's 2025 Construction Milestones

Norway: The New Øksenelvane Power Plant

Skanska has signed a construction contract with Sogn og Fjordane Energi for the construction of the new Øksenelvane power plant in Bremanger municipality, Norway. This plant, valued at Nkr434m ($38.59m), will be built near the existing 70-year-old facility. It involves the construction of a new intake, water tunnels, and an underground power station. The Øksenelvane plant is expected to generate 171GWh annually, sufficient to power 10,000 households. Construction is scheduled to commence in April 2025 and conclude by March 2028, marking an important milestone for Skanska in Norway.The process of constructing this power plant is a complex one, requiring meticulous planning and execution. The new intake will ensure a steady supply of water, while the water tunnels will facilitate the smooth flow of water to the power station. The underground power station is a state-of-the-art facility that will enhance the efficiency and reliability of the power plant. Skanska's team of experts is working tirelessly to ensure that the project is completed on time and within budget.

Texas: Renovations at Collin College's Plano Campus

In Texas, Skanska has secured a contract worth about Skr720m for the renovations of Collin College's Plano campus. The renovation project encompasses 19,500m² of the existing building. It includes a new roof, the conversion of classroom and office spaces into labs, updates to mechanical, electrical, and plumbing systems, and the expansion of kitchen, dining, and theatre spaces. Additionally, a new police office will be added.The renovation also involves refreshing and reconfiguring administration areas, common spaces, and classrooms. This will enhance the overall functionality and aesthetics of the campus. Skanska, with its experience in similar projects, is well-equipped to handle this renovation work. The company has a history with Collin College, having worked on three previous campus projects. The work is scheduled to begin in January 2025 and is expected to be completed by August 2026.

US Infrastructure Contracts

Prior to these campus projects, Skanska announced two major contracts in the US aimed at enhancing the country's infrastructure. These include a $450m contract with the Massachusetts Port Authority and a $389m contract in a joint venture with Coffman Specialties for the San Bernardino County Transportation Authority. These contracts further demonstrate Skanska's commitment to contributing to the growth and development of the US infrastructure.Skanska's involvement in these projects showcases its ability to handle large-scale infrastructure initiatives. The company's expertise in construction and renovation is evident in these contracts, and it is well-positioned to make a significant impact on the US infrastructure landscape.Skanska operates across select markets in the Nordics, Europe, and the US, and these projects are a testament to its global presence and capabilities. With a focus on quality and timely completion, Skanska continues to be a leader in the construction industry.