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LEXINGTON, KY. — Skanska, a construction and development firm based in Stockholm, Sweden, has signed a contract with the University of Kentucky for the expansion and renovation of its Gatton College of Business and Economic building on its Lexington campus. The contract is valued at $53 million. The project will consist of nearly 59,201 square feet of additions and about 139,931 square feet of renovations. Skanska is expected to begin work on the project in November and wrap up construction in March 2016.