Skanska Sells Stake in I-4 Ultimate Project for $75M
Skanska divests its 50% stake in I-4 Mobility Partners for approximately USD 75M. The sale enhances John Laing's position in the I-4 Ultimate project, a key infrastructure initiative in Florida.
Theia Market Signal Identification - AI Assisted
Skanska has finalized the sale of its 50% ownership in I-4 Mobility Partners HoldCo LLC to John Laing I-4 Holdco Corp for around USD 75M. This transaction, which has received all necessary approvals, will be reflected in the financial records for Q2 2026.
The I-4 Ultimate project encompasses the investment, development, and management of a 34-kilometre stretch of interstate highway in Orlando, having achieved substantial completion in February 2022. The project introduced four tolled express lanes and has significantly improved traffic conditions for over 200,000 vehicles daily. This sale indicates a strategic shift for Skanska and reinforces John Laing's investment in a certified Platinum project under the Envision framework.
Comments