Skanska Wins USD 1 Billion MBTA Bridge Replacement and Rail Upgrade Contract

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

Skanska has secured a USD 1 billion design-build contract from the Massachusetts Bay Transportation Authority to replace the North Station Draw One Bridge and upgrade related rail infrastructure across Boston, Cambridge and Somerville. The project will involve replacing 1930s-era bascule bridges with new vertical lift spans, improving approach trestles, building a new control facility and supporting a new platform at North Station.

The work also includes integrated track, signal and Positive Train Control upgrades to ensure resilient operations and uninterrupted commuter rail and Amtrak service during construction. By using Alternative Technical Concepts to cut in-water work, simplify staging, boost safety and expand capacity from four to six tracks across the Charles River, the project aims to minimize disruptions for more than 100,000 daily riders while strengthening Skanska’s U.S. transportation portfolio, with work starting in May 2026 and completing in fall 2032.

The most recent analyst rating on ($SE:SKA.B) stock is a Buy with a SEK300.00 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 is one of the world’s largest construction and project development companies, with 2025 revenue of SEK 179 billion and operations across select markets in the Nordics, Europe and the U.S. The group focuses on creating innovative and sustainable infrastructure and building solutions that shape how people live, work and connect, leveraging the expertise of roughly 25,900 employees.

Average Trading Volume: 877,012

Technical Sentiment Signal: Strong Buy

Current Market Cap: SEK102.3B

See more insights into SKA.B stock on TipRanks’ Stock Analysis page.