---
title: "Skanska Wins USD 363 Million Share of Hudson River Rail Tunnel Contract"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285035360.md"
description: "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."
datetime: "2026-05-04T06:32:21.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285035360.md)
  - [en](https://longbridge.com/en/news/285035360.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285035360.md)
---

# Skanska Wins USD 363 Million Share of Hudson River Rail Tunnel Contract

### Claim 55% Off TipRanks

-   Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
-   Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks

An update from Skanska AB ( ($SE:SKA.B) ) is now available.

Skanska, in joint venture with Traylor Bros. and Walsh Construction, has secured a major role in the USD 1.29 billion Hudson Tunnel Project’s Package 1C in New York, with Skanska’s share valued at USD 363 million, about SEK 3.4 billion, to be booked in the second quarter of 2026. The contract covers the construction of two new single-track passenger rail tunnel tubes beneath the Hudson River, including tunnel lining, floors, cross passages, ground stabilization near the Hudson-Bergen Light Rail, and underpinning of the Willow Avenue Bridge, underscoring Skanska’s position in large U.S. infrastructure and rail projects and expanding its American order backlog.

The most recent analyst rating on ($SE:SKA.B) stock is a Buy with a SEK300.00 price target. To see the full list of analyst forecasts on Skanska AB stock, see the SE:SKA.B Stock Forecast page.

**More about Skanska AB**

Skanska AB is one of the world’s largest construction and project development companies, operating across selected markets in the Nordics, Europe and the U.S. The group focuses on large-scale infrastructure and building projects, generating SEK 179 billion in revenue in 2025 and leveraging about 25,900 employees to deliver innovative, sustainable solutions for urban living and transportation.

**YTD Price Performance:** 3.85%

**Average Trading Volume:** 881,585

**Technical Sentiment Signal:** Buy

**Current Market Cap:** SEK101.9B

See more data about SKA.B stock on TipRanks’ Stock Analysis page.

### Related Stocks

- [IYJ.US](https://longbridge.com/en/quote/IYJ.US.md)
- [VIS.US](https://longbridge.com/en/quote/VIS.US.md)
- [EXI.US](https://longbridge.com/en/quote/EXI.US.md)
- [XLI.US](https://longbridge.com/en/quote/XLI.US.md)

## Related News & Research

- [Denali Advisors LLC Takes $638,000 Position in Thermon Group Holdings, Inc. $THR](https://longbridge.com/en/news/285834136.md)
- [Canada's Hammond Power Q1 sales jump 31.5%, beat estimates](https://longbridge.com/en/news/285271542.md)
- [Seaport Global Remains a Buy on nVent Electric (NVT)](https://longbridge.com/en/news/285845190.md)
- [Timken Grants EVP Incentive Awards, Shareholders Back Board](https://longbridge.com/en/news/285778956.md)
- [Trane Technologies plc $TT Stock Holdings Lessened by Oppenheimer Asset Management Inc.](https://longbridge.com/en/news/285806198.md)