Skanska's first assignment in Arkansas - to build stadium for USD 52 million, SEK 460 million

Skanska's first assignment in Arkansas - to build stadium for USD 52 million, SEK 460 million Skanska's American subsidiary Beers has been contracted to construct a stadium at the University of Arkansas in Fayetteville, Arkansas, The project, valued at USD 52 million, about SEK 460 million, is Atlanta-based Beers' first in Arkansas. The customer is the University of Arkansas. The stadium, which is the home of the university's football team, the Razorbacks, is scheduled for completion for the season start in the autumn of 2001. The addition includes 40 luxury suites, 4,500 club seats and 15,000 general admission seats. "Our overall schedule is very aggressive," states Beers Project Director, Vernon Anderson," but as partners with the University of Arkansas, we will turn 700 additional seats over early . on time for the 2000 football season. Andersson is a stadium specialist. In addition to recently completing the Louisiana State University's East Stadium Expansion, he also completed the University of Alabama's Bryant Denny Stadium. Beers is also currently building the Houston NFL and Rodeo Stadium in Houston, Texas. Previously, the company built a number of large sports facilities, including the 1996 Olympic Arena and the Philips Arena in Atlanta, Georgia. Beers is part of Skanska USA, which reported sales in 1999 of SEK 35 billion and at the end of this year's first quarter had an order backlog of SEK 70 billion. For further information please contact: Marlene Nieman, Director Corporate Communications, Beers Construction Company, tel +1 404- 659-1970. This and previous releases can also be found at www.skanska.com ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/05/03/20000503BIT00320/bit0001.doc http://www.bit.se/bitonline/2000/05/03/20000503BIT00320/bit0002.pdf