Skanska has signed a binding sale and purchase agreement (SPA) for the sale of its entire 50 percent ownership of I-4 Mobility Partners HoldCo LLC, for approximately USD 75M, about SEK 690M. The buyer is the existing partner, John Laing I-4 Holdco Corp. The transaction has closed, including requisite governmental and lender approvals, and it will be recorded under the Central stream for the second quarter of 2026.
I-4 Mobility Partners is responsible for the investment, development and operation of the interstate highway known as I-4 Ultimate in Orlando, Florida, USA, part of a public-private partnership with the Florida Department of Transportation (FDOT). The Skanska subordinated debt of USD 43M, about SEK 390M, was repaid in 2023 following substantial completion.
The I-4 Ultimate project engineering and construction was performed through a joint venture led by Skanska and achieved substantial completion in February 2022. It involved the rebuild and widening of an approximately 34 kilometres (21 miles) stretch of I-4 through Orlando, adding four tolled express lanes, several sections of general-purpose lanes, reconstructing major interchanges, and replacing over 140 bridges. The modernization of this critical central Florida transportation corridor has alleviated congestion, improved safety, and shortened travel time for the passengers in over 200,000 vehicles daily.
I-4 Ultimate is the first infrastructure project in Florida, and first major interstate project in the U.S., to be awarded Envision's Platinum certification for design and construction. Among several other industry accolades, it was awarded as the OCEA Honor Award by the American Society of Civil Engineers (ASCE) for its safety, efficiency, and aesthetic enhancements.
For further information please contact:
Magnus Eriksson, Managing Director, Skanska Asset Management, tel +1 (703) 629 06 68
Andreas Joons, Press Officer, Skanska AB, tel +46 76 870 75 51
Direct line for media, tel +46 (0)10 448 88 99
This and previous releases can also be found at www.skanska.com.
Skanska Group uses knowledge and foresight to shape the way people live, work, and connect. As one of the world's largest construction and project development companies, our 2025 revenue totaled SEK 179 billion. We operate across select markets in the Nordics, Europe and USA. Together with our customers and the collective expertise of our approximately 25,900 teammates, we create innovative and sustainable solutions that support healthy living beyond our lifetime.
