Skanska awarded contract to build replacement high school in Rio Grande City, USA, for USD 52 M, about SEK 350 M

Skanska has signed a contract with the Rio Grande City Consolidated School District to construct a replacement high school located on the northeast side of Rio Grande City, Texas, USA. The contract value is USD 52 M, about SEK 350 M, which will be included in order bookings for Skanska USA Building for the fourth quarter 2012.

Skanska will build the seven-storey building, a 32,700-square-meter project which will include administration, cafeteria, fine arts facilities, classrooms, a career and technology center and gymnasium. This project also includes an athletic complex.

Construction for the project is scheduled to begin November 2012 and is expected to be completed by May 2014.

Skanska USA is one of the leading development and construction companies in the country, consisting of four business units: Skanska USA Building, which specializes in building construction; Skanska USA Civil, specialized in civil infrastructure; Skanska Infrastructure Development, which develops public-private partnerships; and Skanska Commercial Development, which develops commercial development projects in select U.S. markets. Headquartered in New York, Skanska USA has approximately 9,400 employees and its 2011 revenues were SEK 31.3 billion.

For further information, please contact:

Shelby Adams, Manager, Communications Midwest, Skanska USA, tel +1 615 656 6900

Edvard Lind, Group Press Officer, Skanska AB, tel: +46 (0)10-448 88 08

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

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Throughout 125 years, Skanska has been a modern and innovative developer and contractor, building what society needs. Today, 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 53,000 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 2011 totaled SEK 123 billion.

About Us

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 38,000 employees. Skanska's sales in 2018 totaled SEK 170 billion.