A joint venture comprising Skanska, Traylor Bros., Inc., and Walsh Construction has finalized a USD 1 billion contract with the Metropolitan Transportation Authority. The agreement initiates major structural development for Phase II of New York City's Second Avenue Subway project.
A joint venture between Skanska, Traylor Bros., Inc., and Walsh Construction has been awarded a major infrastructure execution contract valued at USD 1 billion by the Metropolitan Transportation Authority. According to official corporate disclosures, Skanska will allocate its specific USD 498 million share of the contract into its second-quarter order bookings for 2026. Skanska is a prominent global construction and project development corporation headquartered in Sweden, while the Metropolitan Transportation Authority manages public transit across the New York metropolitan region.
The infrastructure project encompasses the structural engineering and excavation of new station shells between 105th Street and 110th Street to house the upcoming 106th Street station. Engineering mandates involve establishing structural connections to existing tunnels, installing roadway decking to preserve traffic flow, constructing below-grade entry frameworks, and executing complex utility relocations. Mobilization is scheduled to begin in May 2026, with full project completion anticipated during the third quarter of 2030.
This expansion extends the subway infrastructure northward toward 125th Street, building upon the baseline network completed in 2017. The initiative heavily impacts the urban transit, heavy civil engineering, and regional commuter economics of upper Manhattan. By advancing the underground network, the authority aims to alleviate congestion on parallel transit lines and improve regional labor mobility.
For institutional investors and construction consortia, this contract awards a high-value backlog to major industrial players, demonstrating a sustained public commitment to heavy civil works despite complex urban excavation hurdles. The multi-year project highlights a broader municipal trend of investing in durable mass transit assets to support growing metropolitan densification.
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