sweden-based contractor Skanska A.B. is quitting its U.S. markets for privatized infrastructure development, after accumulating large losses on major contracts. Under new U.S. leadership, the company also seeks to divest its U.S. power construction business, but will still pursue infrastructure design-build work.

在6月28日关于总部位于佛罗里达州奥兰多市的I-4 Ultimate高速公路的报告评级报告中,Skanska Infrastructure Development Inc.和John Laing Investments在该计划中,这是一项23亿美元的扩张项目。of the construction joint-venture with Lane Industries and Granite Construction—Moody’s downgraded about $1.4 billion in project loans to "negative."

Skanska报道了10月18日在第三季度结果的初步宣布,这是由美国的两项大型公私合作伙伴(P3)交易引起的。加上其电力部门建筑业务中的4,400万美元商誉损害收费。

同时,该公司立即取代了其美国民事业务部门总裁理查德·卡瓦拉罗(Richard Cavallaro),他说“辞职”。

Now leading that group is Don Fusco, a 16-year Skanska veteran, who had been COO for the civil unit's western region since 2015. Cavallaro is acting as "an advisor" to Fusco, says a Skanska USA spokesman.

"Skanska remains fully committed to our civil construction and infrastructure business in the US. Skanska USA will continue to pursue alternative delivery infrastructure projects, including design-build projects," says the spokesman. "Skanska USA is not planning further pursuit of design-build/public-private-partnership (PPP) projects as an equity partner at this time."

Having entered the U.S. P3 market six years ago by securing 50% of a contract with the Virginia Dept of Transportation for the Elizabeth River Tunnels, Skanska now finds the risk/reward ratio of U.S. deals “is not attractive,” said CEO Anders Danielsson.

尽管该项目现在正在产生收入,但“低生产率和延误”正在对两个正在进行的P3项目造成损失,而Danielsson并未确定为公司政策。新利18备用网址

丹尼尔斯(Danielsson)表示,这两个项目都处于50%的完成点,新利18备用网址“我们已经确保了大部分费用。”新利18备用官网登录他说:“我们已经为该项目的其余部分承担了足够的指控。”

在6月28日关于总部位于佛罗里达州奥兰多市的I-4 Ultimate高速公路的报告评级报告中,Skanska Infrastructure Development Inc.和John Laing Investments在该计划中,这是一项23亿美元的扩张项目。of the construction joint-venture with Lane Industries and Granite Construction—Moody’s downgraded about $1.4 billion in project loans to "negative."

Skanska在2014年获得授予,称为I-4是美国最大的P3之一

The ratings service cited a June 11 claim filed to the state Dept. of Transportation by the concession seeking $100 million and time extension to cover cost overruns and an approximate eight-month schedule delay related to site condition complications that caused what was described as a "catastrophic" drill shaft failure.

First Report of Claims

一种报告Orlando Sentinelsays the claim issues had not been publicly disclosed before the Moody's report.

While DOT had until mid-October to rule on the claim, its status is still uncertain. A state DOT spokesman said the claim is still under review, but an industry source close to the project says the state requested a 30-day extension to make its decision.

Moody's noted ongoing contractor mitigation strategies, discussions with Florida officials and two years more of construction ahead as possible mediating factors for the cost issues and schedule slippage.

但是穆迪说:“鉴于否定的前景和当前的时间表延迟和未决的主张结果,此时的评级不太可能升级,”如果发现进一步的岩土技术条件可能会导致延迟增加,则可以进一步降级”和成本比新利18备用官网登录已经设想的。”

LaGuardia Airport P3

skanska's biggest current P3 covers Terminal B at New York LaGuardia Airport, which is due for completion in around six years. The company had 70% of the $4-billion design/build contract when the deal was signed in mid 2016. The status and scope of cost or schedule impacts, or any claims, was not clear.

The spokesman added that "Skanska announced in early 2018 our intention to exit the power sector as an engineering, procurement and construction (EPC) contractor for combined cycle generation facilities. As a corollary, Skanska is exploring divestment options specific to its business operations in the power and industrial sectors. We will provide further details on this process if and when available."

The quarter results follow a similar year-long trend. Skanska reported $58 million in civil unit write downs in July for its second quarter. Operating profit fell 11% to $145.1 million. Analysts polled by Reuters had forecast a 5% rise.

丹尼尔森(Danielsson)表示,除了陷入困境的合同外,该公司的美国业务“保持强大”。

With around 9,500 employees, the company reports U.S. sales of $6.5 billion in its building construction, civil infrastructure and commercial property development operations, it says.

The firm will announce more detailed results on Nov. 8.