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Skanska signs Moynihan Station contract

Skanska has signed a contract with the Moynihan Station Development Corporation (MSDC) to complete the first phase of an expansion to New York City’s Penn Station, to create the new Moynihan Station. The contract value for Skanska is $148 million, which will be included in order bookings for Skanska USA Civil for the second quarter 2012.

Study says Caltrain modernization could produce billions in economic benefits

Modernizing San Fransisco-area Caltrain commuter service is expected to create the equivalent of almost 9,600 jobs, increase property values and generate overall economic benefits of up to $2.5 billion, according to a new study the Bay Area Council Economic Institute released ahead of a decision on high-speed rail that could provide critical funding for the project.