(RTTNews) - Skanska AB (SKSBF.PK, SKAb.ST), a Swedish construction company, said on Wednesday that in a joint venture with California Engineering Contractors, it has inked a contract with the California Department of Transportation for the Vincent Thomas Bridge deck replacement project in Los Angeles.
The total contract is worth $534 million, of which Skanska's share is $320 million.
The project will remove and replace the existing bridge deck with new expansion joints and advanced corrosion-protection systems.
The project is scheduled to begin in March 2026 and is expected to be completed in March 2029.
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