UNITED STATES OF AMERICA —Skanska, a global project development and construction group, has secured a major contract worth USD 136 million from a public client to execute a comprehensive railroad improvement project in the northeast region of the United States. The contract booking will be recognized under the company's US order bookings for the third quarter of 2026, bolstering its substantial civil engineering project portfolio across key North American transit corridors.
The scope of work encompasses key infrastructure enhancements designed to modernize essential rail networks, improve operational efficiency, and boost passenger capacity across busy regional routes. Construction activities for the project have officially commenced, with the full scope of work targeted for completion by December 2029.
As public transit authorities in the United States continue to prioritize modernizing aging infrastructure, large-scale capital investments are increasingly focused on improving safety, network throughput, and energy efficiency across passenger and freight lines. Securing public sector contracts under long-term infrastructure investment frameworks remains a critical driver of growth for major construction firms operating in North America.
For Skanska, winning this contract reinforces its long-standing market position as a primary contractor for large infrastructure initiatives in the United States. The addition of USD 136 million in third-quarter order intake enhances revenue visibility through late 2029 while underlining sustained market demand for complex transport infrastructure delivery across key regional markets.
