finance.yahoo.com

Skanska Signs $957M Contract for Van Nuys Light Rail Project

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Sig4.90Sen+7.20Env+1.80Soc+3.90Gov+1.30

Skanska will book its share of a USD 957M contract within US order bookings for Q3 2026 as part of the USD 1.9B East San Fernando Valley Light Rail Transit Project with LA Metro. The scope covers a 10.8 km at-grade line, a 10.5-hectare rail and maintenance facility, and 11 new stations, improving transit access; work has started with completion expected in December 2031.

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