Skanska Secures $148M Contract for Power Facility Project
Skanska Wins Major Contract for Power Facility
Skanska has taken a significant step in improving infrastructure by signing a groundbreaking contract with Railroad Construction Company to develop a standby power generation facility. This project has been commissioned by the Passaic Valley Sewerage Commission and carries a substantial contract value of approximately USD 148 million, equivalent to SEK 1.5 billion.
Project Overview and Objectives
The facility will feature advanced power generation equipment capable of producing 34 megawatts of standby power. Its primary role will be to support operations at the Newark Bay Wastewater Treatment Plant during utility outages, ensuring it remains fully operational to handle critical processes. Designed for independent standby operation, the facility will function smoothly even during unexpected disruptions.
Project Timeline and Implementation
Work on this important infrastructure project is expected to kick off in the third quarter of 2025, with an anticipated completion timeline extending into the fourth quarter of 2027. Skanska is known for its commitment to delivering high-quality construction and engineering projects on time, and this initiative is no exception.
Contact Information for Inquiries
For those seeking additional information regarding the project or Skanska's other initiatives, Maritza Ferreira, the Vice President of Communications at Skanska USA, can be contacted at +1 (678) 492 2003. Additionally, Andreas Joons, the Press Officer for Skanska Group, is available at +46 (0)10 449 04 94, and media inquiries can be directed to +46 (0)10 448 88 99.
Frequently Asked Questions
What is the purpose of the standby power generation facility?
The facility will provide 34 megawatts of backup power to support the Newark Bay Wastewater Treatment Plant during utility outages.
What is the total contract value for the Skanska project?
The contract value is approximately USD 148 million, or about SEK 1.5 billion.
When is the project expected to start and finish?
The project is set to begin in the third quarter of 2025 and is expected to be completed by the fourth quarter of 2027.
Who can I contact for more information about the project?
Contact Maritza Ferreira at +1 (678) 492 2003 for Skanska USA communications or Andreas Joons for press inquiries.
What company undertakes this project?
Skanska, a global leader in construction and development, is undertaking the project in partnership with Railroad Construction Company.
About The Author
Contact Caleb Price privately here. Or send an email with ATTN: Caleb Price 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.