Skanska to Build Sweden’s Longest Wooden Bridge in Skellefteå

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

Skanska has secured a SEK 380 million contract with Skellefteå Municipality to construct the Karlgårdsbron bridge in Skellefteå, Sweden. This project, which will be Sweden’s longest wooden bridge, is set to enhance connectivity across the city by facilitating car, bus, pedestrian, and bicycle traffic. The construction will commence immediately and is expected to be completed by November 2027, marking a significant development in Skanska’s operations and reinforcing its position in the infrastructure sector.

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. Operating across select markets in the Nordics, Europe, and the USA, Skanska focuses on creating innovative and sustainable solutions that support healthy living. The company employs approximately 26,300 people.

YTD Price Performance: -2.91%

Average Trading Volume: 533,421

Technical Sentiment Signal: Sell

Current Market Cap: SEK88.85B

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