Skanska receives design-build contract in New York valued at USD 76.5 M, or SEK 720 M - Skanska's portion is 80 percent

Skanska receives design-build contract in New York valued at USD 76.5 M, or SEK 720 M - Skanska's portion is 80 percent Skanska USA Civil has been awarded a contract to design and construct a new rail yard and shop facility for the Long Island Rail Road. The contract is valued at USD 76.5 M, about SEK 720 M, of which Skanska's portion is 80 percent. The customer is the Metropolitan Transportation Authority (MTA) of New York State. The facility will be used by MTA's subsidiary, the Long Island Rail Road, the largest commuter railroad company in the U.S. The order is included in bookings for the second quarter of 2002. The project will be carried out by the Skanska USA Civil unit Slattery Skanska in an 80/20 consortium with Edwards and Kelcey, a New Jersey- based engineering firm. The companies are cooperating in the design and construction of the turnkey facility. Slattery Skanska and Edwards and Kelcey are also currently constructing a similar facility for Metro- North Railroad in Bronx, New York. This contract is valued at USD 76 M. The new facility, the Arch Street Rail Yard and Shop in Long Island City, Queens, will comprise the installation of 21,000 feet (6.3 kilometers) of track, a 67,000-square-foot, (6,000-square-meters), five- track shop facility and an 920-foot-long (280-meter) platform for interior cleaning and servicing of two 12-car trains concurrently. The project also comprises all installations, including the mechanical service equipment such as a car hoist system capable of lifting two cars simultaneously. The three-story maintenance facility will also house administrative premises for the Long Island Rail Road. Work at the site begins immediately and is scheduled to be completed in 27 months, in 2004. The new maintenance facility is part of the overall East Side Access Project involving the extension of commuter rail service from Long Island directly into Grand Central Terminal in Manhattan. The American market for transportation infrastructure remains strong. Skanska USA Civil has increased its sales by 38 percent measured in USD between 2000 and 2001. At year-end 2001, Skanska USA Civil's order backlog amounted to about SEK 21 billion. For further information please contact: Maureen Lally, Director of Communications, Skanska USA, tel: +1 617 799 9759 Peter Gimbe, Press Officer, Skanska AB, tel +46 8 753 88 38 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/2002/08/16/20020816BIT00140/wkr0001.doc http://www.waymaker.net/bitonline/2002/08/16/20020816BIT00140/wkr0002.pdf

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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.

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