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Skanska AB
(LSE:SKA.B)
Skanska AB (SKA.B) vs. iShares MSCI Sweden ETF (EWD)
Skanska AB Business Overview & Revenue Model
Skanska AB Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 176.48B | 167.17B | 163.17B | 143.87B | 160.34B |
| Gross Profit | 14.48B | 13.43B | 16.69B | 15.72B | 16.89B |
| EBITDA | 10.35B | 7.50B | 12.41B | 11.31B | 11.60B |
| Net Income | 5.55B | 5.00B | 8.26B | 6.86B | 9.88B |
Balance Sheet | |||||
| Total Assets | 171.21B | 155.19B | 151.59B | 139.04B | 125.63B |
| Cash, Cash Equivalents and Short-Term Investments | 32.20B | 17.91B | 10.01B | 10.95B | 19.51B |
| Total Debt | 7.13B | 17.85B | 14.09B | 14.44B | 14.45B |
| Total Liabilities | 108.59B | 98.84B | 96.34B | 93.24B | 86.91B |
| Stockholders Equity | 62.47B | 56.20B | 55.11B | 45.68B | 38.62B |
Cash Flow | |||||
| Free Cash Flow | 9.11B | 612.00M | -1.78B | 5.51B | 9.66B |
| Operating Cash Flow | 9.11B | 3.21B | 480.00M | 7.44B | 11.28B |
| Investing Cash Flow | -7.21B | 6.00B | 3.92B | -11.37B | 1.57B |
| Financing Cash Flow | -1.85B | -1.25B | -5.57B | -5.05B | -1.18B |
Skanska AB Technical Analysis
Skanska AB Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | kr95.18B | 15.42 | 10.55% | 3.46% | 8.54% | 32.65% | |
65 Neutral | $11.05B | 15.76 | 5.13% | 1.92% | 3.11% | -24.90% | |
| ― | kr16.47B | 11.91 | 20.77% | 4.17% | ― | ― | |
| ― | kr21.75B | 13.79 | 10.37% | 2.01% | ― | ― | |
| ― | kr54.49B | 26.07 | 18.81% | 2.18% | ― | ― | |
| ― | €146.10M | ― | -2.77% | ― | ― | ― | |
| ― | €59.09M | ― | -25.47% | ― | ― | ― |
Skanska AB Corporate Events
Skanska has secured a 10-year lease agreement with a global company for the entire second phase of its H2Offices project in Budapest, Hungary, ensuring full occupancy of the building. This development, located in the Váci Office Corridor, emphasizes sustainability and tenant well-being, aiming for multiple certifications including LEED Platinum and WELL Platinum. The project, which began construction in late 2024 and is set to complete in early 2027, highlights Skanska’s commitment to sustainable urban infrastructure and innovative solutions, enhancing its industry positioning and offering significant benefits to stakeholders.
The most recent analyst rating on ($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.
Skanska has secured a GBP 153 million contract with National Highways to upgrade the A47 Thickthorn junction in East Anglia, UK. The project aims to enhance the A47/A11 interchange by increasing road capacity and reducing congestion, supporting local development and improving access to the Norfolk and Norwich University Hospital. The construction includes new link roads, underpasses, and a footbridge, with completion expected in 2028/29.
The most recent analyst rating on ($SE:SKA.B) stock is a Buy with a SEK215.00 price target. To see the full list of analyst forecasts on Skanska AB stock, see the SE:SKA.B Stock Forecast page.
Skanska has secured an EUR 89 million contract to build a new chocolate factory for Fazer in Lahti, Finland, which will be included in their Nordic order bookings for Q3 2025. The project, covering 34,000 square meters and aiming for Breeam environmental certification, is set to begin in September 2025 and complete by December 2027, potentially strengthening Skanska’s market position in sustainable construction.
The most recent analyst rating on ($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.
Skanska AB has announced that its interim report for the second quarter of 2025 will be released on July 18. The report will be presented by the company’s President and CEO, Anders Danielsson, and CFO, Jonas Rickberg, during a telephone conference. This event provides an opportunity for stakeholders to engage with the management and gain insights into the company’s performance and strategic direction.
The most recent analyst rating on ($SE:SKA.B) stock is a Buy with a SEK235.00 price target. To see the full list of analyst forecasts on Skanska AB stock, see the SE:SKA.B Stock Forecast page.
Skanska has secured a SEK 1 billion contract with the City of Malmö to construct a new multi-sports building in Malmö, Sweden. The facility, which will feature a full-size football pitch, basketball hall, high school teaching facilities, and office space, emphasizes sustainability and is scheduled for completion in 2028. This project, part of Skanska’s third-quarter order bookings for 2025, underscores the company’s commitment to sustainable development and strengthens its position in the Nordic construction market.
The most recent analyst rating on ($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.
Skanska, in collaboration with FlatironDragados, has secured a USD 658 million contract with the Virginia Passenger Rail Authority to construct the Long Bridge North project in Washington D.C. This project will replace the existing two-track rail system with a modern four-track system, enhancing the rail corridor from East Potomac Park to L’Enfant Interlocking. The construction, set to begin in July 2025 and complete by December 2030, will improve freight and passenger rail services, potentially strengthening Skanska’s position in the US infrastructure market.
The most recent analyst rating on ($SE:SKA.B) stock is a Buy with a SEK215.00 price target. To see the full list of analyst forecasts on Skanska AB stock, see the SE:SKA.B Stock Forecast page.
Skanska has secured a 14-year lease for its 17xM office building in Washington, D.C., leasing 81% of the space. This deal highlights the building’s leasing momentum and includes a future tenant, the award-winning restaurant Uchi, enhancing the building’s appeal with its premium amenities. This development strengthens Skanska’s position in the competitive D.C. market, showcasing its commitment to sustainable and innovative office spaces.
The most recent analyst rating on ($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.
Skanska is investing approximately SEK 1.4 billion in the second phase of the Solna Link office building in Solna, Sweden. This phase will include a twelve-story structure with around 21,000 square meters of leasable space, featuring amenities such as a gym, conference rooms, and dining options. The project aims for high sustainability standards with LEED Platinum certification and is set to begin construction in August 2025, with completion expected by the second quarter of 2027. This development is part of the ongoing growth in the Solna Station area, which is becoming a significant public transport hub with a new subway line opening in 2028.
The most recent analyst rating on ($SE:SKA.B) stock is a Buy with a SEK215.00 price target. To see the full list of analyst forecasts on Skanska AB stock, see the SE:SKA.B Stock Forecast page.
Skanska has signed a 10-year lease agreement with AFRY for 15,000 square meters of office space in the Solna Link building in Arenastaden, Solna, Sweden. This agreement marks the full leasing of the first phase of the project, which is set to be occupied in 2028. Solna Link will offer a total of 36,000 square meters of leasable space and aims for high sustainability standards, including LEED Platinum, NollCo2, and WELL Gold certifications. The development is strategically located near Solna Station, benefiting from excellent transport connections and proximity to the Westfield Mall of Scandinavia, enhancing its appeal to businesses and stakeholders.
The most recent analyst rating on ($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.
Skanska has secured a contract worth PLN 214M (approximately SEK 560M) to construct a 3.6-kilometer bypass in Wroclaw, Poland. This project, part of the Eastern Ring Road, aims to enhance southern Wrocław’s transport system by improving connectivity, easing access to the A4 motorway, and reducing local traffic. The construction is set to begin in July 2025 and is expected to be completed by the end of 2027, significantly impacting the region’s infrastructure and Skanska’s operations in Europe.
The most recent analyst rating on ($SE:SKA.B) stock is a Buy with a SEK215.00 price target. To see the full list of analyst forecasts on Skanska AB stock, see the SE:SKA.B Stock Forecast page.
Skanska is investing CZK 1.6 billion (approximately SEK 700M) in a new residential project in Prague’s Radlice district, featuring 177 low-energy apartments across three buildings, including the largest wooden residential building in the Czech Republic. The project emphasizes sustainability with a focus on energy efficiency and a reduced carbon footprint, aiming for high BREEAM sustainability certification, and is set to start construction in June 2025 with completion expected in 2027.
The most recent analyst rating on ($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.
Skanska has secured an additional contract worth USD 51 million for the construction of Artisan Lakes Elementary School in Parrish, Florida, bringing the total project value to USD 68 million. The project, which includes a 12,500 square meter school with 63 classrooms and facilities like a covered playground and boardwalk, is expected to be completed by the third quarter of 2026, enhancing Skanska’s presence in the US educational construction sector.
The most recent analyst rating on ($SE:SKA.B) stock is a Buy with a SEK215.00 price target. To see the full list of analyst forecasts on Skanska AB stock, see the SE:SKA.B Stock Forecast page.
Skanska has secured a USD 250 million contract with the Massachusetts Port Authority for the construction of a new parking garage and modernization improvements at Logan Airport’s Terminal E in Boston. This project, part of Massport’s TERC Program, includes the construction of a large parking garage with 4,000 spaces, a vehicular bridge, and a pedestrian bridge, with completion expected in 2030. The initiative aims for sustainability with solar panels and Parksmart certification, enhancing Skanska’s position in sustainable construction.
The most recent analyst rating on ($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.
Skanska has secured a NOK 360 million contract with Gjesdal Municipality to construct a new health center in Rogaland, Norway. The project, which emphasizes high climate ambitions and sustainability, will feature environmentally certified facilities and is expected to significantly enhance local healthcare infrastructure upon its completion in June 2027.
The most recent analyst rating on ($SE:SKA.B) stock is a Buy with a SEK215.00 price target. To see the full list of analyst forecasts on Skanska AB stock, see the SE:SKA.B Stock Forecast page.
Skanska has secured an additional contract worth USD 60 million for the renovation of the Walter Clinton Jackson Library at the University of North Carolina in Greensboro. The project aims to transform the library into a modern academic hub with high-tech group study areas and increased capacity, reflecting Skanska’s commitment to enhancing educational infrastructure and its strategic positioning in the US construction market.
The most recent analyst rating on ($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.
Skanska has signed a USD 98 million contract amendment with the City of Redmond for the expansion of Redmond Municipal Airport in Oregon, USA. This project, which will enhance the airport’s capacity and passenger experience, includes a concourse expansion, terminal renovation, and new gates with jet bridges, and is expected to be completed by January 2028.
The most recent analyst rating on ($SE:SKA.B) stock is a Buy with a SEK215.00 price target. To see the full list of analyst forecasts on Skanska AB stock, see the SE:SKA.B Stock Forecast page.
Skanska has secured a contract with the Massachusetts Department of Transportation to design and replace the Rourke Bridge in Lowell, Massachusetts, valued at USD 274 million. This project, which includes comprehensive bridge and highway work, is expected to be completed by February 2030, enhancing Skanska’s order bookings and reinforcing its presence in the US infrastructure sector.
The most recent analyst rating on ($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.
Skanska has signed a supplemental contract worth USD 240 million with Virginia Tech to construct a new College of Engineering building in Virginia, USA. The project involves the renovation of Hancock Hall and the construction of the five-story Mitchell Hall, which will house several engineering departments and include a large university-owned wind tunnel. The construction began in spring 2024 and is expected to be completed by fall 2028.
The most recent analyst rating on ($SE:SKA.B) stock is a Buy with a SEK215.00 price target. To see the full list of analyst forecasts on Skanska AB stock, see the SE:SKA.B Stock Forecast page.
Skanska AB announced the conversion of 1,870 Class A shares to Class B shares in May 2025, reducing the total number of votes in the company to 595,810,259. This change is part of the company’s compliance with the Swedish Financial Instruments Trading Act, reflecting its ongoing commitment to transparency and regulatory adherence.
The most recent analyst rating on ($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.
Skanska has secured a NOK 1.7 billion contract with Fornebubanen to construct the new Skøyen metro station in Oslo, Norway. This project, set to begin in September 2025 and complete by 2029, aims to enhance public transport connectivity and capacity at one of Oslo’s busiest hubs. The construction will focus on energy efficiency and reducing climate impact, contributing to positive urban development in the Norwegian capital.
The most recent analyst rating on ($SE:SKA.B) stock is a Buy with a SEK215.00 price target. To see the full list of analyst forecasts on Skanska AB stock, see the SE:SKA.B Stock Forecast page.
Skanska has signed a SEK 1.3 billion contract with Specialfastigheter Sverige AB to expand and renovate the Österåker correctional facility in Stockholm, Sweden. This project, which began in 2022, involves reconstructing two buildings, constructing 13 new buildings, and completing ground and foundation work, with completion expected by autumn 2027. The total project value for Skanska, including already invoiced work, is approximately SEK 2.7 billion.
The most recent analyst rating on ($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.
Skanska has been recognized as one of Europe’s Climate Leaders for the fourth consecutive year by the Financial Times and Statista, highlighting its commitment to reducing carbon footprints and driving sustainable innovation. The company aims for net-zero carbon emissions by 2045 and leverages its expertise in sustainable solutions and emerging technologies to enhance energy efficiency and resource savings, positioning itself as a leader in the transition to low-carbon construction.
The most recent analyst rating on ($SE:SKA.B) stock is a Buy with a SEK215.00 price target. To see the full list of analyst forecasts on Skanska AB stock, see the SE:SKA.B Stock Forecast page.
Skanska has secured a GBP 199 million contract with Railpen to construct Botanic Place, a commercial office development in Cambridge, UK. This project, part of a larger GBP 242 million investment by Railpen, will feature two buildings with 31,000 square meters of workspace and aims to achieve high environmental standards. The development, which includes the restoration of the former Flying Pig pub, is expected to enhance community interaction with its terraces and is scheduled for completion by early 2028.
The most recent analyst rating on ($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.
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 ($SE:SKA.B) stock is a Buy with a SEK215.00 price target. To see the full list of analyst forecasts on Skanska AB stock, see the SE:SKA.B Stock Forecast page.
Skanska has secured a NOK 4.4 billion contract with the Norwegian Road Authority to construct a new 21.5-kilometer section of the E6 highway in Nordland County, Norway. This project, which includes the construction of tunnels, bridges, and roads, aims to enhance traffic safety and capacity, contributing to regional growth and development. The project is expected to be completed by summer 2031 and will be certified to BREEAM Infrastructure standards, reflecting Skanska’s commitment to sustainability.
The most recent analyst rating on ($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.
Skanska has secured an additional contract worth USD 66 million with the University of Virginia to construct the Paul and Diane Manning Institute of Biotechnology at Fontaine Research Park in Charlottesville, Virginia. This state-of-the-art facility will feature modular laboratory spaces and expanded research areas to support a pioneering translational research program in the Commonwealth. The project, which commenced in December 2023, is expected to be completed by the fourth quarter of 2027, enhancing Skanska’s presence in the biotechnology construction sector and fostering collaboration among researchers and biotech companies.
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.
Skanska has secured a contract with Statkraft to upgrade and construct tunnels at the Saurland hydroelectric power plant in Suldal, Norway, valued at NOK 476 million. This project aims to enhance operational reliability and reduce water loss, ensuring efficient energy production, with construction set to begin in June 2025 and complete by June 2028.
Skanska has signed a SEK 300 million contract with Specialfastigheter to complete construction at Skogome prison in Gothenburg, Sweden, after the previous contractor went bankrupt. This project, which includes three new buildings and groundworks totaling 12,000 square meters, is expected to be completed by summer 2026, enhancing Skanska’s order bookings for the second quarter of 2025.
Skanska has been contracted by AMF Fastigheter AB to modernize the Marievik 24 property in Stockholm, Sweden, with a project valued at approximately SEK 440 million. The redevelopment will add two wooden floors with green roofs and solar cells to the existing office building, emphasizing recycling and smart energy solutions while preserving its postmodern architecture. This project is notable for being the first to be classified under the ZeroCO2 Redevelopment version 2.0, marking a significant step in sustainable construction. Construction is set to begin in the second quarter of 2025 and is expected to be completed by the third quarter of 2027, potentially enhancing Skanska’s market position in sustainable building practices.
Skanska has secured a USD 164 million contract for a data center project in Western USA, which will be included in the company’s US order bookings for the second quarter of 2025. The project involves a 33,400 square meter, 36-megawatt tenant improvement within an existing building, expected to be completed in phases by June 2027, enhancing Skanska’s presence in the data center construction sector.
Skanska has secured a SEK 380 million contract with Skellefteå Municipality to build the Karlgårdsbron bridge over the Skellefte River in Sweden. This project, which will be Sweden’s longest wooden bridge, aims to connect various districts of the city and accommodate multiple types of traffic, including cars, buses, pedestrians, and cyclists. Construction is set to begin immediately, with completion expected by November 2027, enhancing Skanska’s position in sustainable infrastructure development.
Skanska has secured a contract with Skellefteå Municipality to construct the Karlgårdsbron bridge over the Skellefte River in Sweden, valued at approximately SEK 380 million. This project, set to be Sweden’s longest wooden bridge, will enhance connectivity between city districts and accommodate various forms of traffic, with completion expected by November 2027.
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.
Skanska has secured a SEK 380 million contract with Skellefteå Municipality to construct the Karlgårdsbron bridge over the Skellefte River in Skellefteå, Sweden. This project, which will be Sweden’s longest wooden bridge, is set to enhance connectivity across the city by accommodating various modes of transport, including cars, buses, pedestrians, and cyclists. Construction is set to begin immediately, with completion expected in November 2027, marking a significant addition to Skanska’s order bookings for the second quarter of 2025.
Skanska has secured a SEK 380 million contract with Skellefteå Municipality to construct the Karlgårdsbron bridge over the Skellefte River in Skellefteå, Sweden. This project, which will be Sweden’s longest wooden bridge, is set to enhance connectivity between the city’s districts by accommodating various forms of traffic, including cars, buses, pedestrians, and bicycles. The construction will commence immediately and is slated for completion in November 2027, highlighting Skanska’s commitment to sustainable infrastructure development.
Skanska has secured a SEK 380 million contract with Skellefteå Municipality to construct the Karlgårdsbron bridge over the Skellefte River in Sweden. This project, which will be Sweden’s longest wooden bridge, is set to enhance connectivity between Skellefteå’s districts and support various modes of transportation. Construction is set to begin immediately, with completion expected in November 2027, marking a significant addition to Skanska’s order bookings for the second quarter of 2025.
Skanska has secured a SEK 380 million contract with Skellefteå Municipality to construct the Karlgårdsbron bridge over the Skellefte River in Sweden. This project, which will result in Sweden’s longest wooden bridge, is expected to enhance connectivity across the city and accommodate various modes of transportation, with completion anticipated by November 2027.
Skanska has secured a SEK 380 million contract with Skellefteå Municipality to construct the Karlgårdsbron bridge over the Skellefte River in Sweden. The project, set to be Sweden’s longest wooden bridge, will enhance connectivity across Skellefteå by accommodating various forms of traffic and is expected to be completed by November 2027.
Skanska has secured a SEK 380 million contract with Skellefteå Municipality to construct the Karlgårdsbron bridge over the Skellefte River in Sweden. This project, which will result in Sweden’s longest wooden bridge, is expected to enhance connectivity between the city’s districts and accommodate various modes of transport, including cars, buses, pedestrians, and cyclists. The construction will begin immediately and is slated for completion in November 2027, marking a significant step in Skanska’s commitment to sustainable infrastructure development.
Skanska has secured a SEK 380 million contract with Skellefteå Municipality to construct the Karlgårdsbron bridge over the Skellefte River in Sweden. This project, which will be Sweden’s longest wooden bridge, is expected to enhance connectivity across the city by accommodating various modes of transportation, including cars, buses, pedestrians, and cyclists. Construction will commence immediately and is slated for completion in November 2027, marking a significant development in Skanska’s operations and its commitment to sustainable infrastructure.
Skanska has secured a SEK 380 million contract with Skellefteå Municipality to construct the Karlgårdsbron bridge over the Skellefte River in Sweden. This project, set to be Sweden’s longest wooden bridge, will enhance connectivity across the city by accommodating various forms of traffic and is expected to be completed by November 2027.
Skanska has secured a SEK 380 million contract with Skellefteå Municipality to construct the Karlgårdsbron bridge over the Skellefte River in Sweden. This project, set to be Sweden’s longest wooden bridge, will enhance connectivity across the city by accommodating various modes of traffic, including cars, buses, pedestrians, and cyclists. Construction will begin immediately with an expected completion in November 2027, marking a significant development in Skanska’s operations and its contribution to sustainable infrastructure.
Skanska has signed a SEK 380 million contract with Skellefteå Municipality to build the Karlgårdsbron bridge over the Skellefte River in Sweden. This project, which will be Sweden’s longest wooden bridge, is expected to enhance connectivity between the city’s districts by accommodating various forms of traffic, including cars, buses, pedestrians, and bicycles. Construction is set to begin immediately and is scheduled for completion in November 2027.
Skanska has secured a SEK 380 million contract with Skellefteå Municipality to construct the Karlgårdsbron bridge over the Skellefte River in Sweden. This project, set to be Sweden’s longest wooden bridge, will enhance connectivity between the city’s districts, accommodating various modes of traffic. Construction begins immediately with completion expected by November 2027, marking a significant addition to Skanska’s order bookings for the second quarter of 2025.
Skanska has signed a contract with Skellefteå Municipality to construct the Karlgårdsbron bridge over the Skellefte River in Skellefteå, Sweden, valued at approximately SEK 380 million. This project, which will result in Sweden’s longest wooden bridge, aims to improve connectivity between the city’s districts and accommodate various types of traffic, with completion expected by November 2027.