Skanska inks $135m deal for waterfront park revamp in New York

Skanska inks $135m deal for waterfront park revamp in New York

Skanska has inked a deal with the New York City Economic Development Corporation (NYCEDC) to reconstruct a waterfront park and pier in Staten Island, New York

Under the contract, Valued at $USD 135 million (approximately SEK 1.4 billion), Skanska will reconstruct the esplanade and shoreline, as well as make improvements to the pedestrian and bike paths along the esplanade.

Skanska will also build a new 3,700 square meter (40,000-SF) pier that will include an office building, storage facility, and bulkhead. The scope of the work also covers landscaping and the removal of existing structures.

Work is anticipated to begin in August 2024 and continue through late 2026.