The project will include building a 10.8km at-grade light rail line, along with a 10.5ha (26-acre) rail and maintenance facility.

The team will construct the 6.7-mile line at grade in Van Nuys for the Los Angeles County Metropolitan Transportation Authority.

CFO Pontus Winqvist remained measured in the face of a robust backlog as well as economic hurdles, telling Construction Dive, “you can’t build a trend on one quarter.”

The contract covers civil works, installation of technical systems and integration with the site’s existing infrastructure.

Skanska stock has delivered a 95.7% return over the past three years, yet the current share price of SEK 267.6 still screens as undervalued against both a Discounted Cash Flow (DCF) intrinsic value estimate and market multiples, leaving investors to weigh how durable that apparent discount is. A 95.7% three year return suggests Skanska has already rewarded patient shareholders, so any remaining upside now rests on how the current price compares with its intrinsic value. Recent contract wins...

In late June and early July 2026, Skanska AB announced a series of large contract wins across the US and Europe, alongside property divestments in Poland and Sweden, including a US$94 million data center in Virginia, a NOK1.10 billion aluminum facility in Norway, and the sale of the Studio II office tower in Warsaw for €159 million. Taken together, the mix of sizeable infrastructure and data center contracts with capital-light office and residential sales highlights how Skanska is balancing...

Skanska will be responsible for the construction, including electrical, mechanical and public health engineering systems installation.

The Stockholm-based contractor won contracts worth a collective $580 million, as STV and Fluor made changes in the office.

Ground-breaking for the 700-room hotel is set for 21 July 2026.

Plus, details emerge in California’s high-speed rail private partnership, and Trimble starts a U.S. tour of its tech.