Skanska’s construction management assignment for a casino in Uncasville, Connecticut, has been put on hold by the customer. As a result, USD 460 M, about SEK 2.8 billion, which was included in order bookings, is being removed now in the third quarter of 2008. The original contract was included in order bookings in the second quarter of 2007.
”We have high demands for including a project in order bookings. It is unusual that we are forced to put an order on hold. The project is less than 10 percent complete and the customer has decided to stop construction and reevaluate going forward in approximately 12 months. Our two other casino projects have proceeded much farther and we have no indications that these are being reconsidered,” says Mike McNally, President of Skanska USA Building. |
