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Skanska signs $240M contract with Virginia Tech to construct new engineering facility.

Jun 10, 2025•about 1 year ago

Contract Type

contract

SwedenConstruction

Description

Skanska has signed a supplemental contract worth USD 240M with Virginia Tech for the construction of a new College of Engineering building. The project includes the renovation of Hancock Hall and aims to be completed by fall 2028.

Company Information

Company

Skanska

Location

Sweden

About

Skanska is a prominent global construction and project development company, established in 1887 in Malmö, Sweden. Initially a manufacturer of concrete products, it has evolved into one of the world's largest construction firms, specializing in infrastructure projects such as roads, bridges, tunnels, and airports. Headquartered in Stockholm, Skanska operates extensively in Europe and the United States, having expanded significantly since entering the U.S. market in the 1970s. The company offers a range of services, including large-scale construction, project development for commercial properties, and specialized construction techniques. Skanska is committed to sustainability and innovation, integrating these principles into its design and construction processes. With a workforce of around 38,000 employees and annual revenues exceeding SEK 170 billion, Skanska serves a diverse clientele, including public sector clients and private developers, and is involved in notable projects like subway systems in New York and Washington D.C.

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