Core Insights - Skanska, in a joint venture with California Engineering Contractors, has secured a $534 million contract for the rehabilitation of the Vincent Thomas Bridge in Los Angeles, with Skanska's share amounting to $320 million [2][6]. Project Details - The project involves replacing the existing bridge deck, installing new expansion joints, and integrating corrosion-protection systems, aimed at increasing load capacity, enhancing safety, and reducing long-term maintenance [3][4]. - Additional work includes replacing bridge railings, fences, and median barriers, while a proposal to raise the bridge's height by 26 feet was rejected [4]. Background Information - The Vincent Thomas Bridge, built in 1963, has been in service for 60 years and is structurally sound, but its deck is deteriorating due to concrete fatigue from heavy traffic and environmental factors [5]. - The total estimated cost for the replacement project is approximately $706 million, as per Caltrans [2]. Industry Context - Skanska's recent focus on infrastructure construction in the U.S. has been profitable, with the civil construction market and the data center industry contributing significantly to its success [6]. - The company emphasizes a selective strategy in pursuing projects where it has a competitive advantage and strong client relationships [7]. Timeline - Construction on the Vincent Thomas Bridge is set to begin in March, with the bridge expected to open for the 2028 Summer Olympics in Los Angeles and full construction completion anticipated by March 2029 [7].