Skanska awarded a USD 136 million (SEK 1.4 billion) highway and bridge assignment in Virginia, USA

Skanska awarded a USD 136 million (SEK 1.4 billion) highway and bridge assignment in Virginia, USA Skanska's American subsidiary Tidewater Skanska, has been selected by the Virginia Department of Transportation (VDOT) for a USD 136 million (SEK 1.4 billion) contract to build the Pinners Point Interchange in Portsmouth, Virginia. The Pinners Point Interchange is VDOT's largest single construction contract ever. The 1.5 mile road and bridge project re-directs traffic out of a historic part of Portsmouth. In addition to restoring tranquility to a historic neighborhood that has seen traffic surge to over 20,000 cars and trucks per day, the new highway will save commuters valuable time and provide a direct connection from the Western Freeway to the Mid-Town Tunnel and Martin Luther King Freeway. Using a new bidding process VDOT sought bids based not only on cost, but also on how fast the work could be done. Tidewater Skanska will start construction in January 2002 and will complete the project in late 2004. Tidewater Skanska's subsidiary Bayshore Concrete Products will supply the 100 foot long, 66 inch diameter concrete cylinder piles, with 6 inch wall thickness, each weighing over 100 tons, and the large prestressed girders that will be required for the project's 1,500 foot long bridge tying into an existing bridge over the western branch of Elizabeth River. The new contract was included in the order bookings for the fourth quarter 2001. In July 2001 Tidewater Skanska was awarded the USD 531 million contract for Arthur Ravenel Jr Bridge over Cooper River in South Carolina. Tidewater Skanska has 60 percent of the contract. The bridge will be the longest cable-stayed bridge in USA. For further information please contact: Edward Keeter, Vice President Administration, Tidewater Skanska, Inc., Tel: +1 757-5784100 Tor Krusell, Senior Vice President Communications, Skanska AB, Tel: +46 8 753 87 47 This and previous releases can also be found at www.skanska.com ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/01/03/20020103BIT00130/bit0002.doc http://www.waymaker.net/bitonline/2002/01/03/20020103BIT00130/bit0002.pdf