Skanska Wins USD 363 Million Share of Hudson River Rail Tunnel Contract
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Skanska AB, in partnership with Traylor Bros. and Walsh Construction, has secured a USD 363 million share of the USD 1.29 billion Hudson Tunnel Project in New York. This contract involves constructing two new rail tunnel tubes beneath the Hudson River and is expected to be booked in Q2 2026. The project enhances Skanska's presence in U.S. infrastructure and rail sectors, contributing to its growing order backlog. Analysts rate Skanska's stock as a Buy with a target price of SEK 300.00.
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