Skanska, Kiewit, ECCO III Enterprises JV Awarded $555m New York Bridge Project
Skanska USA has been awarded a $250m contract by the New York State Department of Transportation to design and build the new Kosciuszko Bridge, a project with a total value of $555m.
The Stockholm-based multinational is leading a joint-venture with Kiewit and ECCO III Enterprises. Skanska’s share of the project is 45 percent. The lead designer will be HNTB of Kansas.
Skanska will design and build new eastbound structures for the Kosciuszko Bridge to carry the Brooklyn-Queens Expressway between Morgan Avenue in Brooklyn and the Long Island Expressway Interchange in Queens.
It will also perform the demolition of the existing bridge structures and buildings on acquired properties to clear the right-of-way for construction activities.
The project also includes the reconstruction and realignment of local at-grade streets impacted by new construction or demolition activities; relocation of existing utilities from impacted local streets; and construction of a new drainage system and sewer facilities to collect and discharge storm water runoff from the new bridge structure.
Construction has begun with substantial completion expected in early 2018.
Commenting on the project, New York State Department of Transportation Commissioner Joan McDonald said: "The ageing Kosciuszko Bridge carries more than 160,000 vehicles between Brooklyn and Queens each day and is essential to local and regional commerce...
“..This critical investment in our transportation infrastructure in New York City…will keep travellers safe for decades to come and will support environmental and quality of life improvements in the communities it serves."
The original Kosciuszko Bridge opened in 1939, and is named for a Polish general in the American Revolutionary War. It is more than 6,000 feet in length.
France to invest €1.8bn in Egypt’s infrastructure
France will invest a total of €1.8bn into Egypt’s infrastructure focusing specifically on upgrading the Cairo Metro, building a railway to Sudan, and developing water and energy schemes. Officials have called the investment a “major boost to bilateral cooperation”.
The Cairo Metro
Included in the financing is a concessional government loan of around €800mn to upgrade Line 1 of the Cairo Metro, introduced in the 1980s. The financing will pay for 55 trainsets for the line and is provided by the French engineering company, Alstom.
Line 6 is also due to be upgraded using further state-guaranteed loans worth up to €2bn. Bruno Le Maire said that this would be negotiated over the next six months. France and Egypt have worked in close cooperation ever since Abdel Fattah al-Sisi became president in 2014, despite differences over human rights and strong criticism of Egypt by rights activists and some foreign states.
Nine more projects over the next half a decade
A further €1bn from France’s development agency, Agence Française de Développement (AFD), aims to cover a range of other projects over the next half a decade.
These projects include a railway line between Aswan, southern Egypt, and Wadi Halfa in Sudan, as well as several projects in the renewable energy and water purification industries. Bruno Le Maire, France’s Finance Minister, said Egypt was a “strategic partner and commercial dealings with it would be developed. France will substantially increase its direct exposure to Egypt, becoming the first counter-party for government to government loans,” he said.
According to Le Maire, the AFD will also €150mn to support the construction of a universal health insurance programme. French contractors such as Vinci and Bouygues have a long history of working on the Egyptian capital’s underground system.
Talking about the relationship between France And Egypt, Le Maire concluded: “France will substantially increase its direct exposure to Egypt, becoming the first counter-party for government to government loans”.