Skanska Secures Major Bridge Project Worth USD 421M

Author: Evelyn Baker Updated: 04-01-2025 01:54 AM

Skanska Takes on Major Infrastructure Project

Recently, Skanska has entered into a significant agreement with New Jersey Transit Corporation (NJ TRANSIT) for the Raritan River Bridge Replacement project. This contract, valued at USD 421 million—approximately SEK 4.5 billion—will represent a notable addition to Skanska's order bookings in the United States. This substantial investment underlines Skanska's dedication to enhancing vital infrastructure.

Project Overview

The scope of this ambitious project encompasses the complete demolition of the existing swing bridge superstructure. In its place, Skanska will erect new vertical lift bridge towers featuring an innovative lift span along with two flanking spans. Moreover, the project will integrate state-of-the-art communication and signal systems, ensuring efficient transit flow. Additionally, substantial earthwork and adjustments to the rail systems will be necessary to support the new structures.

Timeline and Project Execution

Work on the Raritan River Bridge Replacement is scheduled to begin in April 2025, with completion anticipated by the third quarter of 2029. This timeline allows Skanska ample opportunity to execute this complex project while maintaining high safety and quality standards. The phased approach will facilitate a smooth workflow, minimizing disruptions to local transit.

Skanska's Commitment to Innovation

Skanska has a long-standing commitment to innovation in construction and project management. By integrating advanced technology and sustainable practices in this project, Skanska aims to not only meet the demands of today but also pave the way for future infrastructure developments. The company's reputation for quality construction will be pivotal in the Raritan River Bridge Replacement.

Contact Information

For additional details regarding the project, interested parties may reach out to:

Maritza Ferreira, Vice President of Communications, Skanska USA, tel +1 (678) 492 2003.

About Skanska

Skanska is a leading project development and construction group, committed to sustainability and innovation. With a strong foothold in the United States and globally, the company focuses on transforming communities with top-notch construction projects.

Frequently Asked Questions

What is the value of the Raritan River Bridge Replacement project?

The contract for the Raritan River Bridge Replacement is valued at USD 421 million, which is approximately SEK 4.5 billion.

When is the project expected to start?

Construction on the project is set to begin in April 2025.

When will the bridge project be completed?

The completion of the Raritan River Bridge Replacement is expected by the third quarter of 2029.

What work will be involved in the bridge replacement?

The project includes demolishing the old bridge, constructing new lift bridge towers and spans, and upgrading communication and rail systems.

How does Skanska ensure project sustainability?

Skanska integrates sustainable practices and advanced technology in its construction processes to reduce environmental impact and enhance project efficiency.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

My goal with writing is to simplify difficult financial ideas into understandable, doable guidance. My goal in writing many books and articles is to make personal finance understandable to everyone, irrespective of their experience or background. I want to give readers the information they need to take charge of their financial futures, from investing and retirement planning to budgeting and saving.

Along with my writing, I lead webinars and workshops where I provide doable advice and methods for achieving financial success. To reach a larger audience, I also frequently contribute to financial blogs and publications. My method is always to offer doable, real-world guidance that can actually improve people's lives.

Aside from my job, I like to cook, travel, and experience other cultures. I work hard to apply my belief in the value of a balanced life to my financial counsel. My goal in working is to encourage and enable people to succeed financially so they may lead the best lives possible.

Contact Evelyn Baker privately here. Or send an email with ATTN: Evelyn Baker as the subject to contact@investorshangout.com.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.