Skanska secures railway project in Czech Republic valued at SEK 1.1 billion, or CZK 2.76 billion
Skanska has secured an assignment to upgrade a railway in the Czech Republic. Skanska’s share of the contract amounts to CZK 2.76 billion, or about SEK 1.1 billion, which will be included in order bookings for the second quarter. The customer is the Czech Rail Administration. The project will be financed with support from the EU and the Czech infrastructure fund.The project comprises a 21-kilometer stretch of the railway between Prague and Plzen in the western area of the Czech Republic. The renovation will enable trains to travel at speeds of up to 160 km/h. The assignment includes the new