|
contents | news | |||||||||
| Skanska's construction contract for public-private Finnish highway valued at SEK 1.5 billion A Skanska-lead consortium has signed a contract for the financing, construction and operation of an expressway project on the E18 in the south of Finland which will be conducted as a public-private partnership (PPP). Skanska signs a construction contract which amounts to EUR 164 M, approximately SEK 1, 515 M, and will be included in order bookings for the fourth quarter of 2005.Skanska participates with an investment of EUR 12 M, about SEK 110 M, corresponding to a 41-percent interest in the ownership consortium Tieyhtio Ykkostie. The project comprises the approximately 51-kilometer section Muurla-Lohja on the E18 between Helsinki and Turku. The project includes 76 bridges, eight interchanges and some five kilometers of twin tunnels. The contract period is for 21 years, starting from when the expressway is open for traffic, which is estimated to be in November 2008. Construction work has commenced on the site. write your comments about the article :: © 2005 Construction News :: home page |