Skanska Secures Major Highway Construction Contract in Norway

The latest update is out from Skanska AB ( ($SE:SKA.B) ).

Skanska has secured a NOK 4.4 billion contract with the Norwegian Road Authority to construct a new 21.5-kilometer section of the E6 highway in Nordland County, Norway. This project, which includes the construction of tunnels, bridges, and roads, aims to enhance traffic safety and capacity, contributing to regional growth and development. The project is expected to be completed by summer 2031 and will be certified to BREEAM Infrastructure standards, reflecting Skanska’s commitment to sustainability.

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. The company operates across select markets in the Nordics, Europe, and the USA, focusing on creating innovative and sustainable solutions that support healthy living.

Average Trading Volume: 746,524

Current Market Cap: SEK97.12B

For a thorough assessment of SKA.B stock, go to TipRanks’ Stock Analysis page.