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| Skanska reaches financial close for London’s Orbital Motorway Sweden-based construction giant Skanska, as part of Connect Plus, has reached financial close for the widening of the M25 orbital road around London. The M25, also known as the London Orbital Motorway, connects the entire Greater London and is one of the world's busiest motorways. Skanska receives a construction contract amounting to about GBP 500 M, about SEK 6 billion. Skanska will invest GBP 80 M, about SEK 965 M, throughout the construction period, corresponding to a 40-percent interest in Connect Plus. Connect Plus, in addition to Skanska Infrastructure Development with 40 percent interest, includes Balfour Beatty with 40 percent as well as Atkins and Egis, each with a 10-percent interest. The design-build project is being carried out by Skanska UK and Balfour Beatty in a 50/50 joint venture. The project comprises renovation and widening of two sections in the North East and North West quadrants of the M25 north of London. A total of 63 km is being widened from three to four lanes in each direction. The widening is between junctions 16 to 23 and 27 to 30. The assignment covers design and construction of the roadways, including on- and offramps and related undertakings such as motorway control systems, drainage and landscaping. The main construction work will begin this summer and is scheduled to be fully completed in July 2012. write your comments about the article :: © 2009 Construction News :: home page |