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JV signs on for US$625m major interstate rehab in Rhode Island, US
24 February 2023
A three-firm joint venture consisting of Sweden-based contractor Skanska and US companies McCourt Construction and Aetna Bridge Company signed-on for the I-95 15 Project for US$625 million in Rhode Island, US.
According to the Rhode Island Department of Transportation (RIDOT), the design-build project is the “largest ever undertaken” by the agency.
The scheme seeks to remove and replace 15 bridges along US Interstate 95 (I-95) and Rhode Island Route 10 between the state’s capital city of Providence down to Warwick (about 12-mi south) and around Cranston (about 5-mi south of Providence).
Skanska, which will book $417 million from the contract, referred to the project as “complex” and said work started in August of this year.