Skanska awarded £74m Network Rail contract in Manchester
Posted on: 30/03/2016

Swedish-based firm Skanska have today announced their joint venture with BAM Nuttall for a Network Rail contract, awarded by Network Rail.

The contract will be for the Northern Hub project in Manchester, with the value to Skanska over the course of the contract reaching £74m. This will be included in order bookings for Skanska UK in the first quarter of 2016.

The joint venture will be responsible for delivering the Orsdall Chord, which will link Manchester Victoria and Manchester Piccadilly stations for the first time, as well as helping deliver faster and more frequent train services. The 3-year contract will run from 2016 to 2019. It will support Network Rail deliver its rail upgrade plan for the north, helping to increase connectivity across towns and cities. The contract will also help towards the UK government’s ‘Northern Powerhouse’ initiative to help boost economic growth in the north of the country.

Skanska UK reported revenues of about SEK 18 billion in 2015. It has around 5,500 employees and is an active company in building and civil construction, utilities and building services, as well as facilities management and commercial development.

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