Skanska's New Engineering Facility Contract Worth $240 Million

Author: Henry Turner Updated: 06-10-2025 01:54 AM

Skanska Secures Contract for Virginia Tech Engineering Building

Skanska has officially signed a significant contract with Virginia Tech to construct a state-of-the-art College of Engineering building valued at USD 240 million, equivalent to about SEK 2.5 billion. This project is set to be recorded in the company’s US order bookings for the impending quarterly results.

Overview of the Project

The venture commenced with the necessary demolition of Randolph Hall, which spans 15,400 square meters. Following this initial step, construction efforts are shifting focus towards the renovation of Hancock Hall. This renovation will facilitate a connection with the new construction of one of the largest on-campus engineering facilities, the five-story, approximately 28,500 square meter Mitchell Hall.

New Facilities and Departments

The new Mitchell Hall will be a hub for five distinct departments: aerospace and ocean engineering, chemical engineering, mechanical engineering, computer science, and engineering education. This diversification aims to provide an enhanced educational experience that meets the demands of modern engineering disciplines.

Advanced Features and Facilities

The project entails the integration of one of the largest university-owned wind tunnels across the country. Additionally, it will feature advanced classrooms, instructional laboratories, research laboratories, and collaborative spaces designed to foster innovation and teamwork among students and faculty alike.

Construction Timeline

Demolition work began in the spring of 2024, with the ambitious target set to complete the overall project by the fall of 2028. The timeline is structured to allow for thorough execution of each phase, ensuring that the new building will meet all safety and educational standards.

Contact Information for Inquiries

For more information regarding this groundbreaking project, you can reach out to Ashley Jeffery, the Communications Director for Skanska USA, via phone at +1 813 459 3682. Andreas Joons, the Press Officer at Skanska Group, is also available at +46 (0)10 449 04 94 for media inquiries, while a dedicated line for media questions is provided at +46 (0)10 448 88 99.

Frequently Asked Questions

What is the total value of the contract signed by Skanska?

The contract is valued at USD 240 million, approximately SEK 2.5 billion.

What facilities will the new engineering building house?

The Mitchell Hall will accommodate five engineering departments, including aerospace, chemical, mechanical, and computer science engineering.

When is the expected completion date for the project?

The target completion date for the engineering facility is set for the fall of 2028.

What are the key features of the new building?

It will include modern classrooms, instructional laboratories, and one of the largest university-owned wind tunnels in the United States.

How can I get in touch for further information regarding the project?

You can contact Ashley Jeffery or Andreas Joons using the provided phone numbers for any inquiries related to the project.

About The Author

Hi there, As a writer and financial specialist, Henry Turner is passionate about guiding people through the complex world of finance. Having worked in finance for many years, I am an expert at simplifying difficult financial ideas into understandable, useful insights for my blog and articles. My goal is to arm you with the confidence and information you need to make wise financial choices.

Writing for a number of financial blogs has allowed me to interact with readers from novice investors looking for fresh ideas to seasoned investors starting their financial journeys. My mission is to enable everyone to understand and access finance, so enabling you to confidently and clearly reach your financial goals. I appreciate you traveling with me toward success and financial literacy.

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