Review of 2010 – USD version - Skanska

Two London hospitals, Barts
and the London Hospital,
are part of one project worth
GBP 1 billion. The London
Hospital in Whitechapel (above)
will be the largest hospital in
the U.K. The general public in
East London will have access
to both general and specialist
care, along with emergency and
pediatric wards.
New PPP projects
In Latin America, Skanska began a large highway project
in Antofagasta, northern Chile. The design/build
assignment and Skanska’s investment in the project
total USD 250 M. The project includes about 200 km
(125 mi.) of highway, of which 120 km (75 mi.) is new
construction. Skanska is the sole owner of the project but
intends to sell a 50 percent stake.
In the U.K., Skanska began construction of the Essex
school project and upgrading of the street lighting network
in Surrey, southeast of London, which represents a
new product segment in public-private partnerships.
PPP projects under construction
In Poland, work is underway on the second phase of
the A1 expressway, which when completed will form a
150 km (93 mi.) continuous stretch of expressway south
from Gdańsk.
In the London area, the expansion of part of the M25
orbital motorway is continuing. The first sub-phase
was completed in 2010. Skanska holds 40 percent of the
consession company and has a 50 percent share of the
construction contract, totaling about GBP 1 billion. A
stretch of motorway some 60 km (37 mi.) long is being
widened to four lanes in each direction.
Construction is continuing at school projects in Bristol
and Essex, part of the large-scale British school modernization
program known as Building Schools for the
Future.
Four large British hospital projects are still under
construction: hospitals in Mansfield and Walsall as well
as the two hospitals that form the large London project
known as Barts and The London Hospitals. Portions of
the new hospitals are in operation.
Completed projects in operation
Other PPP projects have been completed and are in
operation. This applies, for example, to the Autopista
Central highway in Chile, the hospitals in Derby and
Coventry, U.K., the Midlothian school project in the
U.K. and the E18 highway in Finland.
The concession contract for the Nelostie highway
between Helsinki and Lahtis, Finland will expire
during 2012, and the highway will then revert to
government ownership.
Next to St. Paul’s Cathedral in central London is the U.K.’s oldest and at the same time newest hospital, St. Bartholomew’s, often called
Barts. The first new portion, with 700 rooms, has been completed and is receiving cancer patients. The hospital’s cardiac center is currently
under construction.
Skanska Review of 2010 – USD version
Infrastructure Development 57