MTA's New York City Transit (NYCT) awarded a $70 million contract to Stockholm, Sweden-based Skanska to construct the foundation for the Fulton Street Transit Center in Manhattan.
The Fulton Street Transit Center is a planned hub for a number of subway lines within the Ground Zero area. Skanska will be responsible for the foundation work for the new transit center.
The project involves laying a foundation platform 53 feet below street level and the demolition of existing basements of buildings on the site as well as underpinning of some of the buildings in the area. Extensive excavation, piling and grouting work is required.
Work begins immediately and is scheduled for completion in 20 months.