Skanska Takes on Major Airport Revamp Project
Skanska has recently entered a promising partnership with Flatiron, signing a significant contract with Los Angeles World Airports for the Airfield and Terminal Modernization Program. The project encompasses the Roadway Improvements initiative at Los Angeles International Airport (LAX) and has an impressive total value of USD 868 million. Skanska’s portion of the contract, amounting to USD 445 million or roughly SEK 4.4 billion, will be incorporated into the US order bookings of the upcoming quarter in 2025.
Comprehensive Upgrades to Airport Infrastructure
The planned project includes innovative solutions to reconfigure more than six kilometers of roadway. Additionally, construction will involve the modification of existing bridges, upgrade of traffic signals, and the implementation of advanced traffic monitoring systems to alleviate congestion and lower emissions around LAX. These enhancements promise to streamline access to the airport, elevate safety measures, and facilitate smoother travel experiences within the confines of the airport's current layout.
A Key Component in the Modernization of LAX
This significant endeavor stands as a vital part of the broader modernization efforts underway at LAX. Its aim is to foster more efficient ground transportation systems capable of handling the heavy traffic commonly associated with bustling international hubs. By elevating the standard and flow of ground transport, Skanska positions itself at the forefront of infrastructure development.
Project Timeline and Expectations
Work on this considerable undertaking kicked off in July 2025, with the anticipated completion set for the fourth quarter of 2030. With such a timeline, Skanska is committed to executing the project with precision and efficiency, ensuring that the plans materialize into tangible benefits for travelers and operations at the airport.
About Skanska
Skanska is a dynamic force in the construction and project development industry, recognized globally for its commitment to sustainable practices and innovative solutions. The company places a strong emphasis on delivering value to communities through its projects. Serving in various sectors including water, energy, and transportation, Skanska integrates advanced technologies and formidable expertise across all endeavors.
Contact Information
For additional details, please reach out to:
Meghan Carvalho
Communications Manager, Skanska USA
Phone: +1 (951) 6752337
Jacob Birkeland
Head of Media Relations and Public Affairs, Skanska AB
Phone: +46 76 870 75 51
For media inquiries, the direct line is +46 (0)10 448 88 99.
Frequently Asked Questions
What is the value of Skanska's contract for the LAX project?
Skanska's contract share for the LAX project is valued at USD 445 million, approximately SEK 4.4 billion.
When did construction for the LAX project begin?
Construction activities commenced in July 2025.
What does the LAX modernization project entail?
The project involves roadway reconfiguration, bridge modifications, traffic signal upgrades, and the implementation of traffic monitoring systems to improve overall airport accessibility.
When is the expected completion date for the project?
The project is slated for completion in the fourth quarter of 2030.
What role does Skanska play in the construction sector?
Skanska is known for its sustainable practices and innovative solutions across various construction and project development sectors.
