Skanska builds rock caverns for the final repository of short-lived radioactive waste in Forsmark for about SEK 1 billion

Skanska signed a contract with Svensk Kärnbränslehantering AB (SKB) to build new rock caverns for Sweden’s SFR final repository in Forsmark, worth about SEK 1 billion. The announcement is a modest positive for Skanska’s near-term backlog visibility, but it is unlikely to be sector-moving.

Analysis

Skanska signed a contract with Svensk Kärnbränslehantering AB (SKB) to build new rock caverns for Sweden’s SFR final repository in Forsmark, worth about SEK 1 billion. The announcement is a modest positive for Skanska’s near-term backlog visibility, but it is unlikely to be sector-moving.