Sweden-based construction and development company Skanska has signed a contract to carry out expansion and upgrade works at Portland International Airport in Oregon, US.

Awarded by the Port of Portland, the new contract is valued at approximately SEK1.3bn ($151m) and will be included in the US order bookings for the third quarter of this year.

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Under the terms of the deal, the company will be responsible for expanding and renovating a 14,000m2 area of the airport, in addition to approximately 250m-long expansion of Concourse E which will feature two storeys.

The company will also install six additional gates at Portland Airport.

In addition, the scope of the project includes airside sitework, upgrades to baggage handling systems, and several other renovations within the existing terminal area of the airport.

"Under the terms of the deal, the company will be responsible for expanding and renovating a 14,000m² area of the airport."

Once completed, the redevelopment project will help improve the efficiency of airport operations, increase the longevity of existing terminal facilities, enhance the seismic resiliency of Concourse E, and improve the level of service provided to the passengers.

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While construction work on the project has already started, expansion of the airport is expected to be completed in 2020.

In May 2015, a Skanska consortium was selected as the preferred bidder by the Port Authority of New York and New Jersey for a $3.6bn project, which involved the development and operation of a new central terminal building at New York's La Guardia Airport.

The first phase of the project included the demolition of the Central Terminal Building and the development of a new facility with a new central entry portal to the airport that would link previously unconnected terminals.

Image: Portland International Airport expansion. Photo: courtesy of Skanska.