Skanska wins USD 163M New York waterfront project from city agency
Skanska will build a new East River waterfront link in New York for USD 163 million (about SEK 1.5 billion), with completion due in 2030.
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what happened
Swedish construction group Skanska has won a contract from New York City's Department of Design and Construction to build a new waterfront link in the city. The deal is worth USD 163 million, or about SEK 1.5 billion, according to a company release distributed via TradingView. Reuters also reported the award in a brief notice. The contract will be booked in Skanska's US orders for the fourth quarter of 2026.
The East Side Greenway 14th Street Connector will link East River Park with Captain Patrick J. Brown Walk. The plan includes a new esplanade along the East River with a shared path for pedestrians and cyclists, plus landscaping, lighting and seating. Design work starts soon, groundbreaking is expected in early 2028, and the project should be finished by late 2030.
why it matters
For Skanska, the award adds to its US infrastructure pipeline, but at this size it is unlikely to change the group's overall outlook. For markets, it is a routine contract for a single large contractor.
tags
instruments
sources
- Skanska To Construct New Waterfront Connection In New York, USA, For USD 163 Mln — Reuters, 21 October 2026 at 05:34 UTC
- Skanska to construct a new waterfront connection in New York, USA, for USD 163M, about SEK 1.5 billion — TradingView, 21 October 2026 at 05:53 UTC
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