# Skanska joint venture signs HS2 Phase 1 tunnel contract worth GBP 1.12 billion

Skanska, as part of the Skanska Costain STRABAG joint venture, signed a contract with HS2 Ltd for detailed design and construction of tunnels on Phase 1 of HS2 in London, valued at GBP 1.12 billion. The contract is expected to complete in 2026.

- Type: Contract
- Announced: 2020-04-15
- Where: London, United Kingdom
- Value: $1.40B (1.12B GBP)
- Jobs: 6,000
- Status: announced
- Products: tunnel design and construction for high-speed railway
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Costain Group](https://endata.com/companies/388.md) (partner)
- [Skanska](https://endata.com/companies/2926.md) (partner)
- [STRABAG](https://endata.com/companies/5623.md) (partner)
- [HS2](https://endata.com/companies/46564.md) (customer)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/skanska-builds-part-of-the-uks-new-high-speed-railway-hs2--for-gbp-1-12-billion-about-sek-13-9-billion-301040778.html), 2020-04-15: "The new contract, which is expected to complete in 2026, marks the transition to full detailed design and construction."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.