Skanska Secures £153m Contract for A47 Thickthorn Junction Upgrade in UK

Skanska AB has secured a GBP 153 million contract with National Highways to upgrade the A47 Thickthorn junction in the UK. The project aims to improve traffic resilience and support local development, with completion expected by 2028/29. The contract boosts Skanska's order book and aligns with its strategic focus on infrastructure development. However, investors should be mindful of the long project timeline and potential risks associated with large-scale construction projects.