S&P 500 5,235.18 +1.02%EUR/USD 1.0840 +0.21%GBP/USD 1.2710 +0.14%USD/JPY 149.50 −0.18%BRENT $82.40 −0.81%BTC $67,800 −0.21%GOLD $2,341 +0.55%NASDAQ 16,420.55 +0.74%S&P 500 5,235.18 +1.02%EUR/USD 1.0840 +0.21%GBP/USD 1.2710 +0.14%USD/JPY 149.50 −0.18%BRENT $82.40 −0.81%BTC $67,800 −0.21%GOLD $2,341 +0.55%NASDAQ 16,420.55 +0.74%
A daily business newspaper · Founded in 2026

Money Talk

Finance and markets: business, quotes, gold, energy and releases.

Skanska secures $957 million light rail contract in Los Angeles

A joint venture between Skanska and Stacy Witbeck has finalized a $1.9 billion agreement with the Los Angeles County Metropolitan Transportation Authority. Skanska will record its $957 million share of the East San Fernando Valley Light Rail Transit Project in its third-quarter order bookings for 2026.

Skanska secures $957 million light rail contract in Los Angeles
Photo: Bio & News

The infrastructure project centers on a 10.8-kilometer at-grade rail line running along Van Nuys Boulevard. Construction plans include 11 new stations equipped with shade structures, alongside utility upgrades and a 10.5-hectare maintenance facility. This expansion aims to bridge high-density neighborhoods with the broader Los Angeles County rail network, providing a direct link to the existing G-Line bus route.

Work on the transit corridor is already underway, with a scheduled completion date of December 2031. The project serves as a significant attempt to modernize public transportation options for residents in the San Fernando Valley region who have historically faced limited connectivity to the city’s wider transit system.

Share article
TelegramXFacebook

When reusing this material a link to Money Talk is required.

Comments (0)

Leave a comment

No comments yet. Be the first!