Skanska Joins Forces for $534M US Infrastructure Contract

Skanska (SKANS) and HDR, Inc. (HDR) announced a joint venture win for a $534 million transportation infrastructure project in New York. The contract, awarded February 11, 2026, spans the reconstruction of a key arterial road and associated utilities, with construction scheduled to begin in 2026 and wrap by 2028. The project, valued at $534 million, is the largest awarded to the Skanska-HDR joint venture in the U.S., reflecting strong execution in the transportation infrastructure segment. The agreement is expected to create approximately 1,200 construction jobs over its duration.