Skanska Secures Major Data Center Contract Worth USD 241M
Skanska's New Data Center Contract
Skanska has made headlines by securing a substantial contract to expand its footprint in the data center sector. The contract, valued at USD 241 million, represents a significant milestone for the company as it takes on an exciting new project. This venture involves building a single-story data center, covering an expansive area of approximately 22,800 square meters (245,000 square feet).
Project Details and Timeline
The commencement of work on this data center is slated for October 2024, with an anticipated completion date set for the second quarter of 2026. This timeline indicates Skanska's commitment to delivering the project efficiently while adhering to high-quality standards.
Impact on Recent Financial Reports
This new order will positively impact Skanska’s US order bookings for the third quarter of 2024. Such contracts not only enhance Skanska’s portfolio but also signal the growing demand for data centers, driven by the increasing reliance on digital infrastructure.
Strategic Importance of Data Centers
Data centers have become critical in today’s digital economy, as they support various applications ranging from cloud storage to streaming services. Skanska’s investment in this area reinforces its strategic focus on constructing essential facilities that cater to modern technological needs.
Future Prospects for Skanska
With this latest endeavor, Skanska cemented its role as a leader in the construction of infrastructure that is pivotal to supporting the technology-driven economy. By aligning with current market demands, the company is well-positioned to capitalize on the growing opportunities in the data center sector.
Contact Information for Media Inquiries
For further information, media representatives can reach out to:
Daniela Arellano, Communications Director, Skanska USA, phone: +1 213-317-4977
Andreas Joons, Press Officer, Skanska Group, phone: +46 76 870 75 51
Frequently Asked Questions
What is the total value of the new contract Skanska has secured?
The contract is valued at USD 241 million.
Where will the new data center be constructed?
The data center will be built in the USA.
When is the construction of the data center expected to begin?
Construction is scheduled to commence in October 2024.
What is the expected size of the new data center?
The data center will cover approximately 22,800 square meters (245,000 square feet).
How will this contract impact Skanska’s financials?
This contract will be included in Skanska’s US order bookings for Q3 2024.
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