Updated: Feb 21
The construction sector is one of the largest in the world economy, with about $10 trillion spent on construction-related goods and services every year
Stock price: SKA-B (STO) SEK 205.20 +0.70 (+0.34%)
Headquarters: Stockholm, Sweden
CEO: Anders Danielsson (1 Jan 2018–)
Revenue: 145.4 billion SEK (2016)
Skanska has agreed its biggest ever contract, as part of the team working on LaGuardia Airport’s Central Terminal B in New York.
The value of the design/build contract amounts to a total of USD 4 billion, about SEK 33 billion and Skanska has a 70 per cent share (USD 2.8 billion, about SEK 23 billion). The amount will be equally divided between Skanska USA Building and Skanska USA Civil and included in the order bookings for the second quarter of 2016.
Parent organization: ACS Group (66.5%)
CEO: Marcelino Fernandez Verdes (Nov 2012–)
Revenue: 22.63 billion EUR (2017)
Twenty-four kilometres of the existing Gateway Motorway was upgraded and new sections of the motorway north of the bridges were constructed. The contract also included maintenance of the asset over a 10-year period. In 2010 the bridges were renamed the Sir Leo Hielscher Bridges.
Headquarters: Reston, Virginia, United States
Revenue: 25.9 billion USD (2017)
Number of employees: 55,000 (2017)
Founder: Warren A. Bechtel
This five-year contract will see Bechtel partnering to manage the delivery of the £480 million City Airport Development Programme (CADP).
The CADP includes:
expanding the existing terminal by 24,500m2 and completely reconfiguring its internals and externals
constructing a three-storey passenger pier
creating eight new aircraft stands
and constructing a new parallel aircraft taxiway.
The expansion work will require working within King George V Dock where the project team has uncovered an unexploded ordnance from World War II.
The upgrade will improve air traffic movements from 38 to 45 movements per hour and enable increased annual passenger movements from 4.5 to 6.5 million passengers by 2025. Additionally, the programme will help future-proof the airport to accommodate the next generation of aircraft that are quieter, have longer range and greater fuel efficiency
2. Grupo ACS
Revenue: 34.06 billion EUR (2016)
CEO: Florentino Pérez (1997–)
Owner: Florentino Pérez (12.5%)
Headquarters: Madrid, Spain
Number of employees: 210,345 (2014)
Subsidiary: Turner Construction
The Alqueva Dam is an arch dam and the centrepiece of the Alqueva Multipurpose Project. It impounds the River Guadiana, on the border of Beja and Évora Districts in the south of Portugal. The dam takes its name from the town of Alqueva to its right bank.
It creates a large reservoir with an inter-annual regulation capacity from which water may be distributed throughout the region.
The dam was completed in 2002 and its reservoir reached the full level, for the first time, in 2010. The 518.4-megawatt (695,200 hp) power station was commissioned in two stages, stage I in 2004 and stage II in 2013. The Alqueva Dam constitutes one of the largest dams and artificial lakes (250 square kilometres (97 sq mi)) in Western Europe.
Headquarters: Paris, France
CEO: Xavier Huillard (2006–)
Revenue: 43.52 billion EUR (2018)
Subsidiaries: Eurovia, Cegelec, VINCI Concessions SA, MORE
The New Safe Confinement will prevent the release of contaminated material from the present shelter and at the same time protect the structure from external impacts such as extreme weather.
The construction of the huge structure happened offsite and slid into place to minimise the exposure to radiation.