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| Skanska to rebuild highway in California Skanska has secured an assignment to rebuild and widen the I-215 state highway in San Bernardino, California. Skanska's share of the contract amount totals USD 92 M, approximately SEK 660 M, which will be included in the third-quarter bookings. The customer is the city of San Bernardino. The project has been awarded USD 129 M from the US Government's stimulus package, the American Recovery and Reinvestment Act (ARRA). The total order amount for the Skanska-lead joint-venture is USD 154 M. This is the first project to be awarded over USD 100 million. The assignment involves two phases, totaling 2.3 km, which will be widened by two lanes. It also includes the rebuilding of a number of entrance and exit ramps along the stretch of highway in question, the installation of traffic signalization and construction of sound walls. Work will commence in November and is expected to continue for four years. The project is being conducted by a joint-venture, in which Skanska, as leader, has a 60-percent share and local construction company Steve P. Rados, Inc., 40 procent. write your comments about the article :: © 2009 Construction News :: home page |