Skanska awarded hospital renovation contract in Michigan worth SEK 460 M

Skanska has received a contract for management, design and building services for the renovation of William Beaumont Hospital in Royal Oak, Michigan. The contract value is approximately SEK 460 M (USD 66.8 M) and will be included in order bookings for the fourth quarter of 2004. The customer is William Beaumont Hospital.

Skanska USA Building’s contract is for construction management services for the entire project, including the design and build assignments. The project comprises comprehensive renovation of the hospital’s main building, Central Tower, and four of the hospital’s wings. In total, the contract is for 20,000 square meters (216,000 sq f) of floor space. The assignment includes renovation of both the buildings and the mechanical and electrical installations. Pre-construction has begun and construction is expected to start in early 2005. The project will be conducted in six phases and is scheduled for completion around mid-year 2009. The hospital will remain in operation throughout the project. For further information please contact: Tom Crane, Senior Vice President, Corporate Communications, Skanska USA Building, tel +1 973 285 8004 Anna Wenner, Press Officer, Skanska AB, tel +46 8 753 88 39