Skanska builds Sundsta-Älvkulle Upper Secondary School in Karlstad, Sweden, for about SEK 410M

Skanska has signed a contract with Karlstad municipality regarding the rebuild and extension of Sundsta-Älvkulle Upper Secondary School in Karlstad, Sweden. The contract is worth about SEK 410M, which will be included in the Nordic order bookings for the second quarter of 2017.

The project involves demolition to accommodate three new buildings, with three to four floors, which connect to the remaining existing buildings. In total, the new construction comprises about 21,300 square meters.

The intention is that the rebuilt and newly constructed buildings will be certified according to Miljöbyggnad Silver. The environmental classification system Miljöbyggnad is administered by the Swedish Green Building Council and certifies new and existing buildings focusing on energy, indoor environment and materials.

The project includes cooperation with Arbetsförmedlingen to offer traineeships to people with difficulty entering the labor market.

Construction commences in August 2017 and the project is scheduled to be completed in the second quarter of 2021.

Skanska is one of the leading development and construction companies in the Nordics, with operations in building construction and civil engineering in Sweden, Norway and Finland, and developing residential- and commercial property projects in select home markets. The commercial development stream is also active in Denmark. Skanska offers services in public-private partnerships. Skanska had sales of about SEK 67 billion and more than 15,000 employees in its Nordic operations during 2016.

For further information please contact:

Mathias Andersson, Distrikt Manager, Skanska Sweden, tel +46(0)10 448 72 07

Fredrik Karlsson, Project Manager, Skanska Sweden, tel +46(0)10 449 20 79

Andreas Joons, Press Officer, Skanska AB, tel +46 (0)10 449 04 94

Direct line for media: +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 41,000 employees. Skanska's sales in 2016 totaled SEK 151 billion.

About Us

Skanska is one of the world’s leading project development and construction groups with expertise in construction, development of commercial and residential premises, and public-private partnerships projects. Based on its global green experience, Skanska aims to be the clients' first choice for Green solutions. The Group currently has 41,000 employees in selected home markets in Europe and North America. Skanska's sales in 2016 totaled SEK 151 billion.

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