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20 May 2024

Daily Newsletter

Skanska to construct Virginia Tech’s new College of Engineering building

The project encompasses the demolition of the existing Randolph Hall and the building of the new Mitchell Hall.

Upasana Mukherjee May 20 2024

Skanska has secured an initial contract, valued at Skr550m ($51.40m), to commence work on Virginia Tech’s new College of Engineering facility in the US.  

The contract will be recorded in the company’s US order bookings for the second quarter of 2024.  

This new facility will offer more than 70% gross square metres than the previous structure, housing multiple departments of the College of Engineering. 

The project entails the demolition of the existing Randolph Hall and the construction of the new Mitchell Hall, which will span more than 26,500m².  

Mitchell Hall is expected to become the largest building on the Blacksburg campus of Virginia Tech.  

The construction plan also includes working around the existing stability wind tunnel. 

Construction is scheduled to begin this year along with Randolph Hall’s demolition. Completion is set to take place by early 2028.  

Separately, Nordec has entered a contract with Skanska and Haehre for the construction of 11 steel bridges as part of the OPS Hålogalandsvegen project in northern Norway.  

Skanska, serving as the main contractor, will collaborate with Nordec for the supply of six bridges while Haehre Entreprenør will be responsible for the remaining five bridges.  

The project aims to expedite travel by creating a new route, incorporating tunnels and bridges up to 10m wide.  

Statens Vegvesen is the client while Multiconsult and Aas-Jakobsen are handling the structural design.

Last month, Skanska secured the final award from SBMT Asset for the upgrade of the South Brooklyn Marine Terminal in New York, US.  

The contract is worth $612m.

South Asia Construction Market Overview

Per GlobalData's latest report, the South Asia construction market size is projected to reach $1,031.9 billion in 2024 and is expected to grow at a CAGR of >5% by 2028. Heightened efforts to cut down carbon emissions through the deployment of new renewable energy projects are set to aid the market growth. The residential construction sector is expected to emerge as the dominant category in terms of output value (real) in 2024.

South Asia Construction Market Overview

Per GlobalData's latest report, the South Asia construction market size is projected to reach $1,031.9 billion in 2024 and is expected to grow at a CAGR of >5% by 2028. Heightened efforts to cut down carbon emissions through the deployment of new renewable energy projects are set to aid the market growth. The residential construction sector is expected to emerge as the dominant category in terms of output value (real) in 2024.

South Asia Construction Market Overview

Per GlobalData's latest report, the South Asia construction market size is projected to reach $1,031.9 billion in 2024 and is expected to grow at a CAGR of >5% by 2028. Heightened efforts to cut down carbon emissions through the deployment of new renewable energy projects are set to aid the market growth. The residential construction sector is expected to emerge as the dominant category in terms of output value (real) in 2024.

South Asia Construction Market Overview

Per GlobalData's latest report, the South Asia construction market size is projected to reach $1,031.9 billion in 2024 and is expected to grow at a CAGR of >5% by 2028. Heightened efforts to cut down carbon emissions through the deployment of new renewable energy projects are set to aid the market growth. The residential construction sector is expected to emerge as the dominant category in terms of output value (real) in 2024.

South Asia Construction Market Overview

Per GlobalData's latest report, the South Asia construction market size is projected to reach $1,031.9 billion in 2024 and is expected to grow at a CAGR of >5% by 2028. Heightened efforts to cut down carbon emissions through the deployment of new renewable energy projects are set to aid the market growth. The residential construction sector is expected to emerge as the dominant category in terms of output value (real) in 2024.

South Asia Construction Market Overview

Per GlobalData's latest report, the South Asia construction market size is projected to reach $1,031.9 billion in 2024 and is expected to grow at a CAGR of >5% by 2028. Heightened efforts to cut down carbon emissions through the deployment of new renewable energy projects are set to aid the market growth. The residential construction sector is expected to emerge as the dominant category in terms of output value (real) in 2024.

South Asia Construction Market Overview

Per GlobalData's latest report, the South Asia construction market size is projected to reach $1,031.9 billion in 2024 and is expected to grow at a CAGR of >5% by 2028. Heightened efforts to cut down carbon emissions through the deployment of new renewable energy projects are set to aid the market growth. The residential construction sector is expected to emerge as the dominant category in terms of output value (real) in 2024.

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