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Skanska wins $498M contract for Phase II of New York's Second Avenue Subway expansion

Market News
01 Jun 2026
PRNewsWire
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Bullish
pluang ai news

Skanska, along with partners Traylor Bros. and Walsh Construction, secured a $1 billion contract from New York's Metropolitan Transportation Authority for Phase II of the Second Avenue Subway project. Skanska's share is $498 million, which will be recorded in Q2 2026 US order bookings. The project involves constructing new station structures between 105th and 110th Streets, including future 106th Street Station, and expanding the subway line northward to 125th Street. Work starts in May 2026 and is expected to finish by Q3 2030, continuing the subway's expansion since Phase I opened in 2017.

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