Skanska secures two construction contracts in the U.S. for a total of USD 82 M, approximately SEK 575 M

Skanska has secured two construction assignments in the U.S. The total contract amount is USD 82 M, approximately SEK 575 M, which will be included in order bookings for the fourth quarter.

One of the contracts amounts to USD 41.3 M and is for a university building in Storrs, Connecticut. The 14,500-square-meter four-story building, which will include classrooms and lecture halls, will be constructed at the heart of the university campus, thereby placing high demands on logistics and safety. The client is University of Connecticut.

The project is designed to meet the requirements of the LEED Silver level of the LEED international environmental certification system. Work will commence this year and the project is scheduled for completion in July 2012.

The second contract amounts to USD 40.6 M and involves a four-story office building, with an adjacent one-story building and a parking garage to accommodate 200 cars. The client is the developer The Molasky Group of Companies on behalf of a government tenant. 

The project, which is located close to the airport in Portland, Oregon, will be completed in 2012.

Skanska USA is a leading company in building and project development in the US. Skanska USA consists of four business units: Skanska USA Building, specializing in building construction, Skanska USA Civil, which is focused on infrastructure building; Skanska Infrastructure Development, which develops projects in public-private-partnerships and Skanska Commercial Development, which develops commercial properties in selected cities. Skanska USA is based in New York and has a total of about 7,000 employees. In 2009, revenues in the US amounted to approximately SEK 44 billion. 

For further information please contact:
Elizabeth Miller, Director, Communications, Skanska USA,
tel +1 917 656 5883
Jay Weisberger, Communications Manager, Skanska USA,
tel +1 206 494 5469
Peter Gimbe, Press Officer, Skanska AB, tel +46 10 448 88 38
Direct line for media: tel +46 10 448 88 99

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

Skanska
AB
may be required to disclose the information provided herein pursuant to the Securities Markets Act.

Skanska is one of the world’s leading project development and construction groups with expertise in construction, development of commercial and residential projects and public-private partnerships. Based on its global green experience, Skanska aims to be the clients' first choice for Green solutions. The Group currently has 49,000 employees in selected home markets in Europe, in the US and Latin America. Headquartered in Stockholm, Sweden and listed on the Stockholm Stock Exchange, Skanska's sales in 2009 totaled SEK 137 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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