Skanska JVs Land Two MTA Contracts, Totaling $814M

NEW YORK CITY-This week was a big week for Skanska USA, who was awarded two contracts from the Metropolitan Transportation Authority for construction work for two public transit mega-projects. A joint venture of Skanska and RailWorks Corp. were awarded $513.7 million from the Hudson Yards Development Corporation for completion of the 7 subway line extension to Manhattan’s Far West Side, while a joint venture of Skanska and Evansville, IN-based Traylor Brothers Inc. received a $301-million contract to build the 86^th Street Station for the ongoing Second Avenue subway, with Skanska holding a 70% share in the deal.

The two projects are currently in-progress and are part of the MTA’s current Capital Program. GlobeSt.com previously reported that the MTA board recently raised its debt ceiling by $6.9 billion to pay for new infrastructure, including work for the 7 train, Second Avenue Subway, East Side Access for the Long Island Rail Road and the Fulton Street Transit Hub.