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Skanska JV Wins $1.9 Billion Contract for US Light Rail Transit Project

MT Newswires·08/14/2026 01:54:22
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01:54 AM EDT, 08/14/2026 (MT Newswires) -- Skanska's (SKA-B.ST) joint venture with US construction firm Stacy Witbeck secured a $1.9 billion contract for the East San Fernando Valley Light Rail Transit Project in Van Nuys, California. The Swedish construction group's share of the contract is $957 million, according to a Friday release. The Los Angeles County Metropolitan Transportation Authority awarded the contract, which covers the construction of a 10.8-kilometer at-grade rail line, a 10.5-hectare rail and maintenance facility, and the development of 11 new train stations. Completion of the project is expected in December 2031.