Skanska

{{Short description|Multinational construction and development company based in Sweden}}

{{About|the company|other things called {{lang|sv|Skånska}} in Swedish|Scanian (disambiguation){{!}}Scanian}}

{{Infobox company

| name = Skanska AB

| logo = Skanska.svg

| logo_size = 255px

| type = Publicly traded Aktiebolag

| traded_as = {{OMX|SSE283|SKA B}}

| ISIN = {{ISIN|sl=n|pl=y|SE0000113250}}{{cite web|url=http://www.nasdaqomxnordic.com/aktier/microsite?Instrument=SSE283|title=Skanska|publisher=Nasdaq|access-date=1 April 2021}}

| foundation = {{start date and age|1887}}

| location = Stockholm, Sweden

| key_people = Anders Danielsson (President and CEO){{cite web |url=http://group.skanska.com/corporate-governance/management/ |title=Management, Senior Executive Team (SET) |date=15 April 2016 |access-date=10 July 2016 |publisher=Skanska}}
Hans Biörck (Chairman){{cite web |url=http://group.skanska.com/corporate-governance/board/ |title=Board |date=15 April 2016 |access-date=10 July 2016 |publisher=Skanska}}

| industry = Construction

| products = Residential development, commercial property development and infrastructure development

| footnotes = Financial data according to IFRS

| revenue = SEK 172.846 billion (2019){{cite web |url=https://group.skanska.com/496a54/siteassets/investors/reports-publications/annual-reports/2019/annual-and-sustainability-report-2019.pdf |title=Annual Report 2019 |year=2020 |access-date=14 July 2017 |publisher=Skanska}}

| operating_income = SEK 7.428 billion (2019)

| net_income = SEK 6.054 billion (2019)

| assets = SEK 126.018 billion (end 2019)

| equity = SEK 33.021 billion (end 2019)

| num_employees = {{decrease}} 33,585 (May 2020){{cite web|url=https://www.forbes.com/companies/skanska/?sh=73caf36a7287|title=Skanska|work=Forbes|access-date=22 January 2021}}

| homepage = {{URL|https://www.skanska.com|skanska.com}}

}}

Skanska AB ({{IPA|sv|ˈskânːska}}) is a multinational construction and development company based in Sweden. It was established in 1887 as a concrete product manufacturer.

History

Aktiebolaget Skånska Cementgjuteriet (Scanian Cement Casting Ltd) was established in Malmö, Sweden, in 1887 by Rudolf Fredrik Berg and started by manufacturing concrete products.[http://www.skanska.com/en/About-us/Our-history/ Skanska: History] {{webarchive|url=https://web.archive.org/web/20121217202325/http://www.skanska.com/en/About-us/Our-history/ |date=2012-12-17 }} It quickly diversified into a construction company and within ten years the company received its first international order. The company played an important role in building Sweden's infrastructure including its roads, power plants, offices and housing.

Growth in Sweden was followed by international expansion. In the mid-1950s Skånska Cementgjuteriet made a major move into international markets. During the next decades, it entered South America, Africa and Asia, and in 1971 the United States market, where it today ranks among the largest in its sector. The company was listed on the Stockholm Stock Exchange A-list in 1965. In 1984, the name "Skanska," already in general use internationally, became the group's official name.

During the latter part of the 1990s, Skanska expanded substantially both organically and by acquisition. In August 2000, it bought the construction division of Kvaerner.[https://www.telegraph.co.uk/finance/4463572/Skanska-buys-Kvaerner-arm-for-180m.html Skanska buys Kvaerner arm for £180m] The Telegraph, 30 August 2000

In mid-2004, Skanska decided to divest its Asian investments and sold its Indian subsidiary to the Thailand based construction firm Italian Thai Development Company.[http://www.careratings.com/scripts/TransactionForm1.aspx?docid=356 ITD Cementation India]

In 2011, Skanska acquired Industrial Contractors, Inc of Evansville, Indiana, United States.{{cite web |url=http://www.courierpress.com/news/2011/dec/29/new-york-based-skanska-buys-industrial-contractors/ |title=Skanska USA buys Industrial Contractors, Inc. |date=Dec 29, 2011 |publisher=Evansville Courier & Press |access-date=Jan 15, 2013 |url-status=dead |archive-url=https://web.archive.org/web/20120413101614/http://www.courierpress.com/news/2011/dec/29/new-york-based-skanska-buys-industrial-contractors/ |archive-date=2012-04-13 }}

Operations

Skanska divides its operations into four business streams:

class="wikitable"

! Business stream

! Yearly revenue, 5-year average (2010 to 2014){{cite web |url=http://group.skanska.com/globalassets/investors/reports--publications/annual-reports/2014/annual-report-2014.pdf |title=Annual Report 2014 |year=2015 |access-date=2 July 2015 |publisher=Skanska}}

Construction

| SEK 116,152 million

Residential development

| SEK 8,721 million

Commercial property development

| SEK 6,691 million

Infrastructure development

| SEK 219 million

Construction is the largest business stream by revenue and number of employees. The operations of the other business streams involve investments in projects that are developed and later divested. With regard to infrastructure development, this often involves public–private partnerships (PPP). Geographically, the group operates based on local business units.{{cite web |url=http://www.skanska.com/Global/Investors/Reports/2011/AnnualReports/Annual-report-2011.pdf |title=Annual Report 2011 |access-date=20 September 2012 |publisher=Skanska |archive-url=https://web.archive.org/web/20120516122435/http://www.skanska.com/Global/Investors/Reports/2011/AnnualReports/Annual-report-2011.pdf |archive-date=2012-05-16 |url-status=dead }}

= Skanska USA =

Skanska established its presence in the United States through acquisitions of established local companies. {{Cite web |title=Our History |url=https://www.usa.skanska.com/who-we-are/about-skanska/our-history/ |access-date=2024-03-27 |website=www.usa.skanska.com |language=en-US}} The legacy company names were initially cobranded (ex. Slattery-Skanska). In 2007, Skanska introduced a plan to integrate and rebrand the majority of the acquired entities under the Skanska USA banners. Entities were united by business sector, geographic region, and district. {{Cite web |title=Skanska's American Divisions Unite Under Single Name : CEG |url=https://www.constructionequipmentguide.com/skanskas-american-divisions-unite-under-single-name/8515 |access-date=2024-03-28 |website=www.constructionequipmentguide.com |language=en}} Three regions were formed: Northeast, Southeast, and Western.

class="wikitable"

|+

!Region

!Legacy Company

rowspan="4" |Skanska Civil USA Northeast

|Slattery Skanska

Gottlieb Group
Underpinning & Foundation Skanska
Koch-Skanska Erectors
rowspan="3" |Skanska USA Civil Southeast

|Atlantic Skanska

Tidewater Skanska
Bayshore Concrete Products
Skanska USA Civil Western Region

|Yeager Skanska

class="wikitable"

!Company Name

!Business Sector

!Year Acquired

!Region

!Status

Underpinning & Foundation

|Foundations/Ground Improvement

|1973

|New York

|Underpinning & Foundation Skanska, division of Skanska USA Civil Northeast Inc

Karl Koch Erecting

|Steel Erection

|1982

|Northeast

|Skanska-Koch.

Slattery Contracting Company

|Heavy Civil

|1989

|Northeast

|Rebranded to Skanska USA Civil Northeast Inc (2007)

Sordini Construction Co.

|Building Construction

|1990

|Northeast

|

Beers Construction

|Building Construction

|1994

|Southeast

|Rebranded to Skanska USA Building Inc

Nielsons Inc

|Building Construction

|1998

|Midwest, Colorado

|Rebranded to Skanska USA Building Inc

Beacon Construction Company

|Building Construction

|1997

|Northeast

|Rebranded to Skanska USA Building Inc

Bayshore Concrete Products Inc

|Materials Fabricator

|1998

|Southeast

|Division of Skanska USA Civil Southeast

A.J. Etkin Construction Company

|Building Construction

|1998

|Michigan

|Rebranded to Skanska USA Building Inc (2003)

Tidewater Construction Corporation

|Heavy Civil

|1998

|Southeast

|Rebranded to Skanska USA Civil Southeast Inc

Gottlieb Group

|Heavy Civil

|1999

|Northeast

|Rebranded to Skanska USA Civil Northeast Inc (2007)

Barclay White

|Construction Management

|2000

|Northeast, Mid-Atlantic

|Rebranded to Skanska USA Building Inc

Baugh Construction

|Building Construction

|2000

|Pacific Northwest

|Skanska USA West Region

E. L. Yeager Construction Co.

|Heavy Civil

|2002

|California

|Rebranded to Skanska USA Civil Western Inc - California District

BFW Construction

|Building Construction

|2004

|Midwest, Texas

|Rebranded to Skanska USA Building Inc (2004)

= Environment =

Skanska was the No. 1 "Green Builder" in the United States in 2007{{Cite web |url=http://www.skanska.com/en/News--Press/Display/?hid=7772&language=en |title=Skanska: Green Builder |access-date=2009-02-16 |archive-url=https://web.archive.org/web/20081226043940/http://www.skanska.com/en/News--Press/Display/?hid=7772&language=en |archive-date=2008-12-26 |url-status=dead }} and was ranked No. 3 "Green Contractor" in the United States 2008.[http://www.enr.com/ext/resources/static_pages/PDFs/national_toplists/Green-Contractors/2008-Top_100_Green_Contractors.pdf Top Green Contractors] ENR In 2011, Skanska was ranked the greenest company in the United Kingdom, despite belonging to an industry with a generally high environmental impact. In 2014, Skanska won the Financial Times and ArcelorMittal "Boldness in Business Award" in the category "corporate responsibility/environment."{{cite web |title=Revealed: the greenest companies|author-first1=Alastair|author-last1=McCall|url=http://www.thesundaytimes.co.uk/sto/business/energy_and_environment/article646023.ece |archive-url=https://web.archive.org/web/20150529132744/http://www.thesundaytimes.co.uk/sto/business/energy_and_environment/article646023.ece |url-status=dead |archive-date=May 29, 2015 |publisher=The Sunday Times |date=June 12, 2011 |access-date=December 21, 2012}}{{cite web |title=Thorny issues |url=http://www.ft.com/intl/cms/s/0/6087cb58-a618-11e3-8a2a-00144feab7de.html |archive-url=https://ghostarchive.org/archive/20221210/http://www.ft.com/intl/cms/s/0/6087cb58-a618-11e3-8a2a-00144feab7de.html |archive-date=2022-12-10 |url-access=subscription |url-status=live |publisher=The Financial Times |author-first1=John |author-last1=Authers |date=Mar 23, 2014 |access-date=Aug 26, 2014}}{{cite web |title=Financial Times and ArcelorMittal Award Boldest Business Leaders in 2014 |url=http://aboutus.ft.com/2014/03/21/financial-times-and-arcelormittal-award-boldest-business-leaders-in-2014/ |publisher=The Financial Times |date=Mar 21, 2014 |access-date=Aug 26, 2014}}

The Financial Times described Skanska in 2014 as aiming to be the "greenest contractor in the world," while having 57,000 employees, 100,000 suppliers and 250,000 subcontractors, who deliver more than 10,000 projects annually. An official vision stated by Skanska is "the five zeros": zero loss-making projects, work site accidents, environmental incidents, ethical breaches and defects.{{cite web |title=How Skanska aims to become the world's greenest construction company |url=http://www.ft.com/intl/cms/s/0/73a1bea4-a61a-11e3-8a2a-00144feab7de.html |archive-url=https://ghostarchive.org/archive/20221210/http://www.ft.com/intl/cms/s/0/73a1bea4-a61a-11e3-8a2a-00144feab7de.html |archive-date=2022-12-10 |url-access=subscription |publisher=The Financial Times |author=Andy Sharman |date=Mar 23, 2014 |access-date=Aug 20, 2014}}

In the United Kingdom, Skanska has founded the "Supply Chain Sustainability School," an e-learning initiative, in order to educate construction suppliers on sustainability. As suppliers are frequently shared between construction companies, the school is managed in partnership with several competitors.{{cite web |title=Skanska: working with rivals for the greater good |url=https://www.theguardian.com/sustainable-business/skanska-working-greater-good |work=The Guardian |author=Katharine Earley |date=May 16, 2013 |access-date=Aug 20, 2014}}{{cite web |title=Overall Winner & Best Contribution to Corporate Responsibility: Skanska UK (on behalf of the Supply Chain Sustainability School) |url=http://www.supplymanagement.com/analysis/features/2013/overall-winner-best-contribution-to-corporate-responsibility-skanska-uk-on |publisher=Chartered Institute of Purchasing & Supply |date=Oct 8, 2013 |access-date=Aug 20, 2014}} In July 2013, Skanska withdrew from the United States Chamber of Commerce, in protest of the chamber's opposition to reformed LEED standards for sustainable buildings.

Skanska was the first company in the industry to implement the ISO 14000 standards globally, with all its business units having been certified according to ISO 14001 since 2000, and it was the first Scandinavian company to have an independent global whistleblowing hotline.{{cite web |title=Local impacts |url=http://www.group.skanska.com/sv/Sustainability/Environmental-responsibility/Local-impacts/ |publisher=Skanska 2014}}

= Market =

As of March 2015, Skanska was focused on the following selected markets:{{cite web |url=http://group.skanska.com/investors/calendar/publishing-of-annual-report-2014-on-this-website1/ |title=Publishing of Annual Report 2014 on this website |date=February 18, 2015 |publisher=Skanska AB |access-date=June 2, 2015}}

Skanska is in the process of exiting its operations in Argentina, Brazil, Peru, Chile, Colombia, and Venezuela.{{cite web |url=http://www.group.skanska.com/cdn-1cf50054c5df1fc/Global/Investors/Reports/2013/Annual-Report-2013.pdf |title=Annual Report 2013 |year=2014 |access-date=10 June 2014 |publisher=Skanska}} Skanska will cease to accept new projects in the Latin American market and will divest its operation and maintenance units there.

class="wikitable"

! Region

! Number of employees

! Revenue (2014)

The Nordic countries

| 17,000

| SEK 64.0 billion

The rest of Europe

| 17,000

| SEK 35.0 billion

North America

| 10,000

| SEK 49.9 billion

Latin America (being closed down)

| 14,000

| No data available

Skanska is active in construction, commercial property development (office buildings, shopping centers and logistics properties) and infrastructure development (roads, hospitals and schools) in all of its three market regions. The company plans, develops and builds homes in the Nordic region and in the rest of Europe.

In 2013, Skanska was ranked the 9th largest contractor in the world,{{cite web |title=The Top 250 International Contractors 2013 |url=http://www.enr.com/ext/resources/static_pages/PDFs/national_toplists/Intl-Contractors/enr_the_top_250_international_contractors_2013.pdf |publisher=Engineering News-Record |year=2013 |access-date=Aug 20, 2014}} and in 2014, the 7th largest contractor in the United States.{{cite web |title=The Top 400 Contractors 2014 |url=http://www.enr.com/ext/resources/static_pages/PDFs/national_toplists/Intl-Contractors/2014_enr_top_250_intl_cont.pdf |publisher=Engineering News-Record |year=2014 |access-date=Aug 20, 2014}}

During the rolling 12-month-period ending in September 2014, Skanska was the largest construction company by total revenue in the Nordic countries. The six largest ones were:

class="wikitable"

! Company

! Country

! 12-month revenue

Skanska

| Sweden

| SEK 145.0 billion

NCC

| Sweden

| SEK 59.2 billion

Peab

| Sweden

| SEK 44.2 billion

Veidekke

| Norway

| SEK 25.4 billion

Lemminkäinen

| Finland

| SEK 18.7 billion

YIT

| Finland

| SEK 16.7 billion

Major projects

Image:Grand-gherkin-of-the-skies.jpg, one of Skanska's most high-profile contracts. Built between 2001 and 2004, the tower was a major addition to London's skyline.]]

= Europe =

Major projects have included the Øresund Bridge which forms part of the road and railway connection between Sweden and Denmark, completed in 2000,{{cite web |title=Skanska Builds on Global Strategy; CEO's Expansion Drive Fuels Growth |url=https://www.wsj.com/articles/SB92178659837437283 |publisher=The Wall Street Journal |author=Almar Latour |date=Mar 19, 1999 |access-date=Jan 15, 2013}}{{cite web |title=Vi hade en otroligt bra kund |author=Linda Nohrstedt |url=http://www.byggvarlden.se/nyheter/byggprojekt/article88318.ece |publisher=Byggvärlden |language=sv |date=Mar 25, 2009 |access-date=Jan 15, 2013}} the Queen Elizabeth Hospital, London, completed in 2001,{{cite web|url=https://www.constructionnews.co.uk/home/hospital-pfi-deal/930971.article|title=Hospital PFI deal|date=9 July 1998|publisher=Construction News|access-date=7 April 2018}} the Golden Jubilee wing at King's College Hospital, completed in 2002,{{cite web|url=https://www.i-fm.net/members/news/july00/13_02.html|title=Building work starts on London hospital|date=13 July 2000|publisher=IFM.net|access-date=22 April 2018|archive-date=22 April 2018|archive-url=https://web.archive.org/web/20180422202717/https://www.i-fm.net/members/news/july00/13_02.html|url-status=dead}} 30 St Mary Axe in London, completed in 2004,[https://www.telegraph.co.uk/finance/2834369/The-Erotic-Gherkin-is-in-a-pickle.html The erotic gherkin is in a pickle] The Telegraph, 23 November 2002{{cite web |title=London: The Amazing Attractions |url=http://www.thisdaylive.com/articles/london-the-amazing-attractions/130933/ |publisher=This Day |author=Charles Ajunwa |date=Nov 18, 2012 |access-date=Jan 15, 2013 |url-status=dead |archive-url=https://web.archive.org/web/20121121183454/http://www.thisdaylive.com/articles/london-the-amazing-attractions/130933 |archive-date=2012-11-21 }} MoD Main Building completing refurbishment in 2004,{{Cite web|title=MOD Refurbishment|url=https://hansard.parliament.uk/Commons/2003-07-08/debates/0cccd7be-9c46-48ff-9e49-bfcdbe14dd4a/ModRefurbishment|access-date=2020-10-03|website=Hansard|date=8 July 2003|language=en-GB}} the University Hospital Coventry, completed in 2006,{{cite web|url=http://www.constructionenquirer.com/2016/08/30/fire-safety-fears-force-remedial-work-at-skanska-hospital/|title=Fire safety fears force remedial work at Skanska PFI hospital|date=30 August 2016|publisher=Construction Enquirer|access-date=13 April 2018}} the Mater Dei Hospital in Malta, completed in 2007,[http://www.timesofmalta.com/articles/view/20090730/local/cancer-centre-will-cost-more-because-of-very-significant-developments Times of Malta] 30 July 2009 the Royal Derby Hospital, completed in 2010,{{cite web|url=http://news.bbc.co.uk/1/hi/england/derbyshire/3079268.stm|title=Huge PFI hospital for Derby|date=3 September 2003|publisher=BBC|access-date=14 April 2018}}

Walsall Manor Hospital completed in 2010,{{cite web|url=https://www.birminghammail.co.uk/news/local-news/walsalls-new-174million-hospital-is-leading-118068|title=Walsall's new £174million hospital is leading the green revolution|publisher=Birmingham Mail|date=24 October 2012|access-date=5 May 2018}} the Heron Tower, completed in 2011,[http://www.skyscrapernews.com/news.php?ref=1181 Skanska win Heron Tower contract] Skyscrapernews, 31 October 2007 King's Mill Hospital in Ashfield, completed in 2011,{{cite web|url= http://www.modbs.co.uk/news/archivestory.php/aid/1552/Skanska_wins_PFI_hospital_scheme_in_Nottinghamshire.html|title= Skanska wins PFI hospital scheme in Nottinghamshire|date=18 December 2005|publisher=Modern Building Services|access-date=2 May 2018}} Brent Civic Centre, completed in 2013,{{cite web|url=https://premierconstructionnews.com/2012/09/19/brent-civic-centre-will-open-in-2013/|title=Brent Civic Centre will open in 2013|publisher=Premier Construction News|date=19 September 2012|access-date=5 April 2020}} new facilities for the Royal London Hospital, completed in 2015{{cite web|url=https://www.theconstructionindex.co.uk/news/view/skanska-sells-london-hospital-stakes|title=Skanska sells London hospital stakes|publisher=The Construction Index|date=7 December 2015|access-date=13 April 2018}} and the redevelopment of St Bartholomew's Hospital, completed in 2016.

Skanska is also involved in HS2 lots S1 and S2, working as part of a joint venture, due to complete in 2031.{{Cite web|url=https://www.theguardian.com/business/2017/jul/17/hs2-high-speed-rail-contracts-worth-66bn-awarded-uk-chris-grayling|title=HS2 contracts worth £6.6bn awarded by UK government|website=The Guardian|language=en-gb|date=17 July 2017|access-date=2017-10-13}}

= United States =

Major projects in the United States include the MetLife Stadium (home to the Giants and the Jets NFL franchises), completed in 2010.[https://web.archive.org/web/20080707015359/http://www.stadiumsofnfl.com/future/MeadowlandsStadium.htm Meadowlands Stadium] In 2010, Skanska was awarded a $115 million (SEK840 million) contract by the Washington State Department of Transportation for construction of a new State Route 99 roadway in downtown Seattle, Washington, part of the project to replace the Alaskan Way Viaduct.{{cite news |last=Lamm |first=Greg |date=May 13, 2010 |title=Skanska's $114M viaduct project bid accepted by state |url=https://www.bizjournals.com/seattle/stories/2010/05/10/daily35.html |work=Puget Sound Business Journal |access-date=August 3, 2017}} Skanska has also developed several commercial and residential buildings in Seattle region, including the upcoming 2&U high-rise office building in downtown Seattle.{{cite news |date=November 7, 2014 |title=Skanska plans office tower at Second and University |url=http://www.djc.com/news/re/12071703.html |work=Seattle Daily Journal of Commerce |access-date=August 3, 2017}}

Other major projects include the renovation of, and addition to, the headquarters of the United Nations, completed in 2014,[https://www.reuters.com/article/worldNews/idUSN2724925120070727 UN signs contract with Skanska] Reuters, 27 July 2007 the restoration of the World Trade Center site including the removal of debris, the reconstruction of the Port Authority Trans-Hudson and New York City Subway tunnels, and the creation of a World Trade Center Transportation Hub, completed in 2015{{cite web|url=http://www.lowermanhattan.info/construction/project_updates/world_trade_center_transportation_34922.aspx |title=Project Updates: World Trade Center Transportation Hub |publisher=Lower Manhattan Construction Command Center |access-date=September 2, 2010 |url-status=dead |archive-url=https://web.archive.org/web/20100928024153/http://www.lowermanhattan.info/construction/project_updates/world_trade_center_transportation_34922.aspx |archive-date=September 28, 2010 }}{{cite news |title=Trade Center Transit Hub's Cost Now Over $3.4 Billion |first=Michael M. |last=Grynbaum |url=https://www.nytimes.com/2011/02/25/nyregion/25ground-zero.html |date=February 24, 2011 |access-date=February 25, 2011 |work=The New York Times}}[http://www.lowermanhattan.info/news/calatrava_s_wtc_transportation_29863.asp Calatrava's WTC Transportation Hub Soars] {{webarchive|url=https://web.archive.org/web/20060427075744/http://www.lowermanhattan.info/news/calatrava_s_wtc_transportation_29863.asp |date=2006-04-27 }} – lowermanhattan.info{{cite news |title=NYC World Trade Center site faces fresh delays |work=Yahoo! News |date=October 2, 2008 |last=Gralla |first=Joan |url=https://news.yahoo.com/s/nm/20081002/us_nm/us_worldtradecenter_3 |access-date=October 3, 2008}}{{dead link|date=June 2016|bot=medic}}{{cbignore|bot=medic}} (including the "Oculus" station entrance designed by Santiago Calatrava),[https://web.archive.org/web/20090419231403/http://www.phoenixconstructors.com/default.htm Phoenix Constructors]{{cite web |title=Skanska To Fabricate Oculus Building At Ground Zero Transit Hub |url=http://www.enr.com/articles/20739-skanska-to-fabricate-oculus-building-at-ground-zero-transit-hub |publisher=ENR New York |date=May 9, 2011 |access-date=Jan 15, 2013}} the Second Avenue Subway tunneling project completed in 2016[http://newyork.construction.com/projects/TopProjects06-07/TPStart1-5.pdf New York Construction: Top Projects] and Moynihan Train Hall completed in 2020.{{Cite news|url=https://www.nytimes.com/2016/09/28/nyregion/penn-station-new-york-andrew-cuomo.html|title=Cuomo's Vision for Revamped Penn Station: New Home for Amtrak and L.I.R.R.|last=Bagli|first=Charles V.|date=September 27, 2016|newspaper=The New York Times|issn=0362-4331|access-date=September 28, 2016}}

Skanska was also part of a joint venture with Stacy and Witbeck on The Sixth Street Viaduct Replacement Project completed in 2022.{{cite web|url=http://www.sixthstreetviaduct.org/|title=About the project|publisher=Sixth Street Viaduct|access-date=25 October 2018}}

In June 2025, Skanska was awarded a $303 million contract from the Massachusetts Department of Transportation to design and build a restructured Rourke Bridge over the Merrimack River.{{Cite web |last=Philips |first=Zachary |date=2025-06-11|title=Skanska nabs $303M Massachusetts bridge job |url=https://www.constructiondive.com/news/skanska-massachusetts-bridge-virginia-tech-engineering/750405/|access-date=2025-06-15|website=Construction Dive |language=en}}

Awards and recognition

Skanska USA CEO and president, Richard Kennedy, was named in the Construction Dive Awards Executive of the Year in 2019.{{Cite web|url=https://www.constructiondive.com/news/executive-skanska-usas-richard-kennedy-construction-dive-awards/566278/|title=Executive of the Year: Richard Kennedy, Skanska USA|website=Construction Dive|language=en-US|access-date=2019-12-29}} Skanska was also recognized for its membership in the Predictive Analytics Strategic Council, which Construction Dive named its 2019 Innovator of the Year.{{Cite web|url=https://www.constructiondive.com/news/innovator-construction-predictive-analytics-strategic-council-dive-awards/566107/|title=Innovator of the Year: Predictive Analytics Strategic Council|website=Construction Dive|language=en-US|access-date=2019-12-29}}

Controversies

File:Mater Dei 01.jpg]]

In 1996, Skanska was entrusted with the building of a "state-of-the-art" general hospital, Mater Dei Hospital, costing over 700,000,000 in Malta. Later, however, it was discovered that Skanska had used lower-quality cement of the kind that is generally used to build pavements. As a result, the hospital could not develop further floors or build a helipad on the roof. The company had limited liability within the contract.Balzan, Saviour (21 September 2015). [http://www.maltatoday.com.mt/news/national/57335/skanska_snubs_government_over_hospital_damage_claims#.V3ZYcJBHmrU Skanska snubs government over hospital damage claims]. Malta Today. Retrieved 1 July 2016.[http://www.maltatoday.com.mt/news/national/53292/waiver_exonerated_skanska_and_maltese_partners_on_mater_dei#.V3ZgK5BHmrU Waiver exonerated Skanska and Maltese partners on Mater Dei].[http://www.maltatoday.com.mt/news/national/53301/pm_orders_investigation_into_mater_dei_concrete PM orders investigation into Mater Dei concrete].[http://www.timesofmalta.com/articles/view/20150602/local/read-hospital-inquiry-report-arup-report-on-emergency-department.570662 Read: Hospital inquiry report, Arup report on Emergency Department].[https://0d2d5d19eb0c0d8cc8c6-a655c0f6dcd98e765a68760c407565ae.ssl.cf3.rackcdn.com/ddc57ec207dc06e052de74e0d98b7f449ff17a4b.pdf ARUP report. Volume 2].[https://0d2d5d19eb0c0d8cc8c6-a655c0f6dcd98e765a68760c407565ae.ssl.cf3.rackcdn.com/1a2fa4637f01589a178c818adb27ae5100b837ac.pdf Inquiry report].

A scandal broke out in 1997 when it was learned that a poisonous sealing compound Rhoca-Gil was used during construction of a railway tunnel, Hallandsås Tunnel, in southern Sweden. This substance was linked to the death of nearby livestock. Rhoca-Gil contains acrylamide, a toxic chemical that is mutagenic and possibly carcinogenic. Skanska took no special precautions for the sealant, nor did it tell its own workers or the local population of the risks. By October 1997, local cattle and fish started dying and workers were becoming ill. After tests were done showing high levels of acrylamide contamination, the site was declared a high risk zone and the sale of agricultural products from the region was banned. Skanska, along with Rhone-Poulenc and Swedish Railways all had criminal charges brought against them; some senior executives resigned as a result. Construction was halted in late 1997, but resumed in 2005 after hydrological and environmental remediation by Banverket and Skanska.{{Cite web |title=Byggnation Hallandsås |url=https://www.trafikverket.se/Privat/Projekt/Skane/Hallandsas/Byggnation/ |archive-url=https://web.archive.org/web/20120111183140/http://www.trafikverket.se/Privat/Projekt/Skane/Hallandsas/Byggnation/ |archive-date=2012-01-11 |website=Trafikverket}}

In 2005, Skanska was awarded a large natural gas pipeline contract in Argentina. In 2007, the company was implicated in reports of bribery involving illegal payments to government officials relating to the project award.{{cite web |url=http://www.economist.com/node/9154151 |title=Gas and graft |date=May 10, 2007 |publisher=The Economist |access-date=Dec 21, 2012}}{{cite news|title=Corruption in Argentina|url=http://www.economist.com/node/9466393|access-date=4 December 2017|newspaper=The Economist|date=11 July 2007}} Six former Skanska managers plus a former consultant were arrested for tax evasion.{{cite news|last1=Ekman|first1=Ivar|title=Sweden's squeaky-clean image sullied by scandals|url=https://www.nytimes.com/2007/05/11/business/worldbusiness/11iht-corrupt.4.5672628.html|access-date=4 December 2017|work=New York Times|date=11 May 2007}} Skanska performed its own investigation, dismissing seven staff, and worked closely with the authorities concerning the inquiry.{{cite web |url=http://english.pravda.ru/world/americas/20-03-2007/88460-argentina-0/ |title=Skanska likely to be involved in a corruption scandal in Argentina |date=Mar 20, 2007 |publisher=Pravda |access-date=Jan 15, 2013}}{{cite web |url=http://www.latinbusinesschronicle.com/app/article.aspx?id=1477 |title=Argentine Corruption: Skanska's Version |date=Jul 30, 2007 |publisher=Latin Business Chronicle |access-date=Dec 21, 2012 |url-status=dead |archive-url=https://web.archive.org/web/20130321140010/http://latinbusinesschronicle.com/app/article.aspx?id=1477 |archive-date=2013-03-21 }} Later bribery allegations related to a pipeline for Petrobras in Brazil,{{cite news|title=Skanska embroiled in a major corruption scandal|url=http://sverigesradio.se/sida/artikel.aspx?programid=83&artikel=6030932|access-date=4 December 2017|work=Sveriges Radio|date=28 November 2014}} prompting Skanska to be barred from bidding for work for two years by the Brazilian government,{{cite news|title=Brazil bars Skanska unit from public tenders in Petrobras probe|url=https://www.reuters.com/article/brazil-corruption/brazil-bars-skanska-unit-from-public-tenders-in-petrobras-probe-idUSL1N1910PK|access-date=4 December 2017|work=Reuters|agency=Reuters|date=9 June 2016}} and to withdraw completely from operations in South America.{{cite news|title=Skanska quits South America over corruption|url=https://www.thelocal.se/20141128/skanska-quits-south-america-over-corruption|access-date=4 December 2017|work=The Local|date=28 November 2014}}

Skanska-owned UK business Kværner/Trafalgar House Plc was involved with the UK's Consulting Association, exposed in 2009 for operating an illegal construction industry blacklist; Skanska was reported to be the industry's most prolific user of the Consulting Association's services, spending over £28,000 on top of a £3,000 annual subscription.{{cite news|last1=Mathiason|first1=Nick|title=Skanska billed £28,000 by employee blacklist firm|url=https://www.theguardian.com/business/2009/may/24/skanska-construction-blacklists-unions|access-date=4 December 2017|work=The Guardian|date=24 March 2009}} Later, Skanska was among eight businesses who launched the Construction Workers Compensation Scheme in 2014,{{cite news|title=Construction blacklist compensation scheme opens|url=https://www.bbc.co.uk/news/business-28155936|access-date=7 September 2015|work=BBC News: Business|agency=BBC|date=4 July 2014}} condemned as a "PR stunt" by the GMB union, and described by the Scottish Affairs Select Committee as "an act of bad faith".{{cite web|title=Scottish Affairs - Seventh Report Blacklisting in Employment: Final Report|url=https://publications.parliament.uk/pa/cm201415/cmselect/cmscotaf/272/27202.htm|website=www.parliament.uk|publisher=Scottish Affairs Select Committee|access-date=7 September 2015}} In December 2017, union Unite announced it had issued high court proceedings against four former chairmen of the Consulting Association, included Skanska's former director of industrial relations, Stephen Quant, alleging breach of privacy, defamation and Data Protection Act offences.{{cite news|title=Union sues blacklist ringleaders|url=http://www.theconstructionindex.co.uk/news/view/union-sues-blacklist-ringleaders|access-date=4 December 2017|work=The Construction Index|date=4 December 2017}} Unite also said it was taking action against 12 major contractors including Skanska.{{cite news|last1=Prior|first1=Grant|title=Unite launches new round of blacklisting legal action|url=http://www.constructionenquirer.com/2017/12/04/unite-launches-new-round-of-blacklisting-legal-action/|access-date=4 December 2017|work=Construction Enquirer|date=4 December 2017}}

In December 2013, the Supreme Court of the Slovak Republic confirmed that Skanska DS a.s. participated in a bid rigging cartel of construction companies (together with companies of Strabag group and Mota-Engil group) in 2004. Illegal conduct was associated with the tender for the execution of works for the construction of the D1 highway from Mengusovce to Jánovce in eastern Slovakia.[http://www.antimon.gov.sk/3109-en/the-supreme-court-upheld-the-decisions-of-the-antimonopoly-office-of-the-slovak-republic-in-the-matter-of-cartel-of-six-construction-companies/ The Supreme Court upheld the decisions of the Antimonopoly Office of the Slovak Republic in the matter of a cartel of six construction companies]

On September 16, 2020, Skanska failed to secure 20 barges at and around their Pensacola Bay Bridge site in Florida ahead of the impending Hurricane Sally. Numerous barges made contact with the newly constructed bridge destroying large segments of it, leaving the bridge impassable and unsafe to drive on. This bridge is a crucial economic artery for the Pensacola-Gulf Breeze area; over 55,000 vehicles use the bridge daily. The inability for many individuals to commute to their jobs, homes, and businesses have had a detrimental impact on the area. Among the rogue barges, many washed ashore in residents yards and on roadways. As of September 22, Skanska has failed to address the disaster with the public.{{Cite web|last=Newby|first=Jake|title=Homeowners struggle to reach Skanska as new aerial images show at least 20 barges displaced by Hurricane Sally|url=https://www.pnj.com/story/news/2020/09/21/pensacola-bridges-skanska-barges-hurricane-sally-satellite-photos-map/5852863002/|access-date=2020-09-22|website=Pensacola News Journal|language=en-US}}

See also

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References

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