09:58 AM EDT, 05/08/2026 (MT Newswires) -- Skanska (SKA-B.ST) secured a 570 million-krona contract from Monen Fastighetsförvaltning for construction work on a new correctional facility in Strömsund, Sweden, according to a Friday release.

The project development and construction group will renovate and carry out some new construction for the 140 inmate-capacity facility, which will be leased to the Swedish Prison and Probation Service.

Construction work will start immediately, with completion scheduled for August 2028.

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