Skanska has signed an initial contract with Virginia Tech to begin construction on a new College of Engineering in Virginia, USA. The initial contract, inclusive of an early site work release, is worth USD 53M, about SEK 550M, which will be included in the US order bookings for the second quarter of 2024.

The project includes the demolition of Randolph Hall and the construction of a new and expanded 26,500-square meter facility to house multiple College of Engineering departments. The new facility, Mitchell Hall, is slated to add over 70 percent more gross square meters in the same footprint. Construction will also include working around the existing stability wind tunnel, one of the largest university-owned wind tunnels in the country. The tunnel will remain and will be enclosed within Mitchell Hall. Once completed, Mitchell Hall will be the largest building on the university's Blacksburg campus.

Construction will begin in spring 2024 with the initial demolition of Randolph Hall. It has a target completion date of spring 2028.

For further information please contact:

Ashley Jeffery, Communications Manager, Skanska USA, +1 813 459 3682

Andreas Joons, Press Officer, Skanska Group, tel +46 (0)10 449 19 57

Direct line for media, tel +46 (0)10 448 88 99

This and previous releases can also be found at www.skanska.com.

Skanska Group uses its knowledge and foresight to shape the way people live, work, and connect. We are one of the world's largest project development and construction companies, with 2023 revenue totaling SEK 157 billion. We operate across select markets in the Nordics, Europe and USA. Together with our customers and the collective expertise of our approximately 27,000 teammates, we create innovative and sustainable solutions that support healthy living beyond our lifetime.

https://news.cision.com/skanska/r/skanska-begins-work-on-a-new-college-of-engineering-facility-in-virginia--usa--for-usd-53m--about-se,c3983242

https://mb.cision.com/Main/95/3983242/2803419.pdf

https://news.cision.com/skanska/i/image-virginia-tech---mitchell-hall,c3301518

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