Skanska secures office project in Tennessee for US $102 milion (US/SE)

Skanska has been selected as construction manager for a major office project in Chattanooga, Tennessee, in the US. The contract amount totals US $189 million (approx. €138 million), of which Skanska's share is US $102 million (approx. €75 million), which will be included in fourth quarter order bookings. The customer is the private health insurance organization BlueCross BlueShield of Tennessee, Inc.

The contract pertains to the organization's new headquarters in Cameron Hill, Chattanooga, on an area that encompasses a total of 12 acres.

The project includes five new office buildings and a large parking facility. The office section comprises approximately 88,000 m² and the parking garage about 130,000 m².

The organization, which until now, had its operation dispersed in various premises in Chattanooga, will now be able to group its functions and some 3,000 employees into one corporate campus.

"Skanska has broad experience throughout the US in building world-class corporate headquarters for major companies and organizations. We are honored to apply our experience to such a project for BlueCross BlueShield and the Chattanooga community," said Johan Karlström, President and CEO of Skanska USA Building and EVP of Skanska AB.

Construction of the project commences in November and the project is scheduled for completion in early 2009.

In addition to Skanska, EMJ Corporation and HJ Russel & Company will participate in the execution of the project.

Source: Skanska

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