Skanska wins USD 957 million LA Metro contract for Van Nuys light rail project

Reuters2026/08/14 05:30

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Skanska, in a joint venture with Stacy Witbeck, signed an additional contract with LA Metro for the East San Fernando Valley light rail project.
Skanska’s share totals USD 957 million, part of a USD 1.9 billion contract; it will be booked in US orders in Q3 2026.
Work has started on a 10.8 km at-grade line in Van Nuys, including 11 stations and a 10.5-hectare rail maintenance facility.
Completion is scheduled for December 2031.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Skanska AB published the original content used to generate this news brief via Cision (Ref. ID: 202608140130BITN____UKPR__EN_20260813-BIT-7666-0) on August 14, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Skanska wins USD 957 million LA Metro contract for Van Nuys light rail project

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