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Skanska Secures Major Bypass Project in Czechia

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Skanska Secures Major Bypass Project in Czechia

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Skanska AB ( ($SE:SKA.B) ) has provided an update.

Skanska has secured a contract with the National Highway Authority of the Czech Republic to construct the I/12 bypass near Prague, valued at CZK 3.8 billion (approximately SEK 1.7 billion). This project aims to improve traffic flow and safety by diverting transit traffic from populated areas, thereby reducing environmental and residential impact. The construction is set to begin in July 2025 and is expected to be completed by the end of 2027.

The most recent analyst rating on ($SE:SKA.B) stock is a Buy with a SEK215.00 price target. To see the full list of analyst forecasts on Skanska AB stock, see the SE:SKA.B Stock Forecast page.

More about Skanska AB

Skanska Group is one of the world’s largest construction and project development companies, with 2024 revenue totaling SEK 177 billion. It operates in select markets across the Nordics, Europe, and the USA, focusing on innovative and sustainable solutions that support healthy living.

Average Trading Volume: 742,501

Current Market Cap: SEK98.19B

For detailed information about SKA.B stock, go to TipRanks’ Stock Analysis page.

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