Skanska to invest in Housing PPP Project in USA
Skanska has announced its US$296 million investment to develop a building of 31-story, 324-unit Class A apartment building, with US$190 million reserved for the cost of construction, which will be logged in its US order bookings for the Q4 of this year.
The venture is being developed in the trendy Belltown neighborhood of Seattle, Washington and aims for LEED Gold, Fitwel, and WiredScore certifications.
The project Construction work is expected to start in December 2022, and completion is scheduled for Q2 2025.
Country updates
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November 22, 2022
CDOT rejects unsolicited proposal for toll lanes
The Colorado Department of Transportation (CDOT) has rejected an unsolicited proposal that sought to accelerate the construction of toll-free express lanes on Interstate 25 in order to close an a...
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November 22, 2022
Partners Group completes acquisition of EdgeCore Digital Infrastructure
Partners Group has announced the acquisition of EdgeCore Digital Infrastructure in Colorado, USA. The recapitalization includes an investment of up to US$1.2 billion to fund the acquisition and...
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November 21, 2022
Financial close achieved for JFK Terminal 6 in USA
The Port Authority of New York and New Jersey has approved a US$4.2 billion project financing for the construction of a new international Terminal 6 in New York, USA. JFK Millennium Pa...
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November 21, 2022
Veritas to acquire Wood Mackenzie
Verisk and Veritas Capital have announced the agreement to acquire Verisk’s energy business, Wood Mackenzie for US$3.1 billion excluding US$200 million considering future contingent pa...
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November 18, 2022
Bidder chosen for Prison PPP project in Lafayette
The Lafayette Parish Council has announced that it has selected four local businesses for a public-private partnership (PPP) to build a new jail and juvenile detention home in Lafayette Coun...
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