A joint venture of Skanska USA, an arm of Sweden-based infrastructure company Skanska AB, has secured a $262 million project from Metropolitan Transportation Authority for the Second Avenue Subway Systems project in New York City. The JV consists of civil construction business unit of Skanska USA and LK Comstock and Company, a subsidiary of RailWorks. Pursuant to the contract, the JV will be responsible for the construction of the track and systems for phase I of the Second Avenue Subway.
The scope of the work involves installation of track, train signals, communications systems and traction power between 105th Street and the existing subway station at 63rd Street.
The companies will also modify the existing facilities and systems, which will connect it to the Second Avenue Subway system. The additional work involves construction of three rail cross-overs along the 105th Street and 63rd Street route, which will facilitate the trains to switch tracks in any event of emergency.
The Skanska’s share of the entire project is $87 million. The project is Skanska’s third contract with Metropolitan Transportation Authority for the construction of Phase I of the Second Avenue Subway project. Work is scheduled to commence in February and complete in late 2016.