03:17 AM EDT, 05/08/2026 (MT Newswires) -- Peab (PEAB-B.ST) secured a 125 million-krona contract to build a new sailing collision shield in the Göta River near Gothenburg, Sweden.

The sailing collision shield, which will comprise two large concrete caissons, aims to protect the new peninsula at Masthugg Dock, according to a Friday release.

The Swedish construction company will commence construction in August, with completion planned for the summer of 2028.

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Peab Wins SEK125 Million Contract to Build Sailing Collision Shield in Sweden | Placera.se