Swedish construction and development firm Skanska has signed a deal of worth SEK791m ($120.2m), in a joint venture with Danish MT Höjgaard, to construct a new rail bridge for Swedish Transport Administration (Trafikverket).

The new bridge is the second phase of the Marieholm connection. Its first phase was completed and opened for traffic in December 2011.

The latest project will result in the expansion of an additional track on a rail bridge that can be opened parallel to the existing line.

"Construction on the new bridge is scheduled to begin in the first quarter of 2014."

Skanska will operate a 70% share, equal to SEK554m ($84.2m).

The Södra Marieholmsbron rail bridge over the Göta Älv and Säveån rivers in Gothenburg, Sweden will be 1.5km long and will range from Kville rail yard in the north to Olskroken in the south.

A new pedestrian and cycle bridge will also be built parallel to and direct adjacent to the new bridge.

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By GlobalData

Construction is scheduled to begin in the first quarter of 2014 and the bridge is expected to be completed by the second quarter of 2017.

The project will create jobs for approximately 130 people.

Skanska Sweden has approximately 11,000 employees in the country and around 57,000 employees in Europe, the US and Latin America.

The company’s revenue in 2012 totalled approximately SEK30bn ($4.55bn), whereas the group’s sales totalled SEK132bn ($20bn) in 2012.