Skanska signs additional contract to build light rail transit in Van Nuys, CA, USA, for USD 957M, about SEK 8.9 billion

Skanska, via a joint venture with Stacy Witbeck, signed a contract with LA Metro for the East San Fernando Valley Light Rail Transit Project in Van Nuys, California. The announcement signals new infrastructure backlog intake, though specific contract value and timing were not provided in the excerpt.

Analysis

Skanska, via a joint venture with Stacy Witbeck, signed a contract with LA Metro for the East San Fernando Valley Light Rail Transit Project in Van Nuys, California. The announcement signals new infrastructure backlog intake, though specific contract value and timing were not provided in the excerpt.