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Skanska builds new high school in Milwaukie, Oregon, USA, for USD 75 M, about SEK 670 M

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Skanska has signed a contract with the North Clackamas School District to build a new Milwaukie High School in Milwaukie, Oregon, USA. The contract is worth USD 75 M, about SEK 670 M, which will be included in US order bookings for the fourth quarter 2018.

The 12,000-square-meter school will feature a modern academic center, health and wellness center, new gymnasium and a performing arts center. The project includes modernization of 2,500-square-meter adjacent sports facilities. Improvements will be made to the HVAC system as well as seismic upgrades. The updates to the sports facility and grounds include a football field, resurfacing of gym floors and track, relocation of ball fields, added tennis courts and more parking.

Construction began in June 2018, and the project is scheduled for completion August 2021.

Skanska is one of the leading construction and development companies in the USA, specializing in building construction, civil infrastructure, public-private partnerships and commercial property developments in select US markets. Skanska USA had sales of SEK 59 billion in 2017 and has approximately 9,500 employees.

For further information please contact:

Terri-Ann Betancourt, Director Communications West Coast, tel + 1 206 494 54 40

Patric Elmén, Acting Head of Media Relations, Skanska AB, tel: +46 (0)10-449 31 34

Direct line for media, tel +46 (0)10 448 88 99

This and previous releases can also be found at www.skanska.com.

Skanska is one of the world’s leading construction and project development companies, focused on selected home markets in the Nordic region, Europe and USA. Supported by global trends in urbanization and demographics, and by being at the forefront in sustainability, Skanska offers competitive solutions for both simple and the most complex assignments, helping to build a sustainable future for customers and communities. The Group has about 40,000 employees. Skanska's sales in 2017 totaled SEK 161 billion.

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