Skanska UK has been awarded a five-year contract, in joint venture with Costain, to deliver the main station works at the new Crossrail Bond Street Station in London.
The contract is worth £55 Million, (approx. 64 million), for Skanska, and £110 million (approx. 127.6 million), to the joint venture. The order will be included in order bookings for Skanska UK for the first quarter 2013.
The contract comprises the construction of ticket halls, including platform fit-out and mechanical and electrical services. In addition, it includes interfacing with the tunneling, track and rail power contractors. This contract follows on from the Bond Street advance works awarded to the same joint venture in March 2011.
Work is set to begin in February 2013 and is scheduled to conclude in February 2017, ahead of Crossrail's opening in 2018. Skanska UK reported revenues of approximately SEK 11.75 billion (approx. 1.36 billion) in 2012, with about 4,000 employees.
The company is active in building and civil construction, utilities and building services. In the UK, Skanska is also a leader in Public Private Partnerships, PPPs, also known as Privately Financed Initiatives, PFIs. Skanska has also initiated the development of homes for the UK market.