Skanska Sells Stake in I-4 Ultimate Project in Orlando for $75 Million

Original: Skanska divests ownership of I-4 Ultimate in Orlando, Florida, USA, for approximately USD 75M, about SEK 690M

Benzinga•Apr 2, 20262 min

In a Nutshell

Skanska has divested its 50% ownership of I-4 Mobility Partners HoldCo LLC, responsible for the I-4 Ultimate highway project in Orlando, Florida, to its partner John Laing I-4 Holdco Corp for approximately $75 million (about SEK 690 million). This transaction marks a significant step in the ongoing public-private partnership with the Florida Department of Transportation.

Key Points

01Skanska sold its entire 50% stake in I-4 Mobility Partners for approximately $75 million.
02The buyer is John Laing I-4 Holdco Corp, an existing partner.
03The I-4 Ultimate project includes the reconstruction of a 34-kilometer stretch of interstate highway.
04This project has received Envision's Platinum certification for its design and construction.
05The I-4 Ultimate project significantly improved traffic flow and safety for over 200,000 vehicles daily.

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Full Summary

Skanska, a leading construction and development company based in Sweden, has finalized the sale of its 50% ownership in I-4 Mobility Partners HoldCo LLC for approximately $75 million (about SEK 690 million) to its partner, John Laing I-4 Holdco Corp. This transaction, which closed after obtaining necessary governmental and lender approvals, will be recorded in the second quarter of 2026. The I-4 Mobility Partners is responsible for the I-4 Ultimate project, a major public-private partnership with the Florida Department of Transportation (FDOT) aimed at modernizing a critical transportation corridor in Orlando, Florida. The project involved the reconstruction and widening of a 34-kilometer (21 miles) stretch of the I-4 highway, adding four tolled express lanes and improving several major interchanges. It has been recognized for its design and construction excellence, receiving the Platinum certification from Envision and the OCEA Honor Award from the American Society of Civil Engineers (ASCE). The improvements have alleviated congestion and enhanced safety for over 200,000 vehicles that use the highway daily.

Key Figures

$75 million

Sale price of Skanska's stake

34 kilometers

Length of the reconstructed highway

200,000

Daily vehicle count on the I-4 highway

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Why It Matters

The completion of the I-4 Ultimate project has significantly improved traffic flow and safety in central Florida, benefiting daily commuters and local residents.

Who is affected

Commuters and residents in Orlando, Florida.

What to know

Local residents should utilize the improved highway for better travel efficiency.

FAQ

The I-4 Ultimate project is a major infrastructure initiative in Orlando, Florida, involving the reconstruction and widening of a 34-kilometer stretch of the I-4 interstate highway.

The project has received Envision's Platinum certification for design and construction, and the OCEA Honor Award from the American Society of Civil Engineers for its safety and efficiency.

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