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Skanska JV secures USD 1.9 billion Los Angeles light rail contract

14 August 2026

Skanska, together with joint venture partner Stacy Witbeck, has signed a major construction contract with the Los Angeles County Metropolitan Transportation Authority (LA Metro) for the East San Fernando Valley Light Rail Transit project in California.

The joint venture contract is valued at approximately USD 1.9 billion, with Skanska’s share amounting to USD 957 million, equivalent to around SEK 8.9 billion. Skanska will record its portion of the contract in its US order intake for the third quarter of 2026.

The project will deliver a 10.8-kilometre at-grade light rail corridor along Van Nuys Boulevard in the San Fernando Valley. The construction programme also includes 11 new stations, associated passenger facilities and utility works.

A significant component will be the development of a 10.5-hectare rail and maintenance facility, providing operational infrastructure for the new transit line.

The investment will extend Los Angeles County’s public transport network into densely populated communities along the Van Nuys Boulevard corridor. The new line will also connect with LA Metro’s existing G Line bus rapid transit service, improving links between the East San Fernando Valley and the wider regional transport system.

For the surrounding property market, the project represents a substantial long-term infrastructure investment in a heavily developed part of Los Angeles. Improved public transport accessibility along the corridor could support future residential and commercial development around station locations, although the information released by Skanska does not provide forecasts for development volumes or property values.

Construction work has already started, with completion currently scheduled for December 2031.

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