Skanska secures highway project in Florida valued at SEK 540 M, USD 77 M

Skanska received a contract for reconstruction of the SR 60 Memorial Highway in Tampa, Florida. The contract is valued at SEK 1.3 billion (USD 193 M), of which Skanska’s portion is 40 percent, corresponding to SEK 540 M. The order sum is included in order bookings for the second quarter of 2005.

The project is being carried out in a joint venture with Tidewater Skanska, which is responsible for 40 percent, and Flatiron Constructors 60 percent. The customer is the Florida Department of Transportation. The construction involves a 3.3-kilometer stretch of the SR 60 Memorial Highway in Tampa. The project also includes 20 bridges and all installations for drainage, signal systems and lighting. Work begins in July 2005 and is scheduled for completion in 58 months. As reported earlier, Tidewater Skanska and Flatiron Constructors received a contract from the same customer to design and build two bridges in Pensacola, Florida. This project totals SEK 1.7 billion (USD 243 M), of which Skanska’s portion is 60 percent. Tidewater Skanska and Flatiron Constructors are currently cooperating in a 60/40 joint venture at the Cooper River Bridge, which will be the longest cable-stay span in North America. Work on this bridge in South Carolina is now in the final stages and the bridge opens for traffic this spring, which is ahead of schedule. Skanska USA Civil’s operations focus on transportation infrastructure, and facilities for power generation, water and wastewater treatment in the eastern US, Colorado and California. The company has 4,500 employees. Skanska USA Civil’s sales amounted to approximately SEK 12 billion in 2004. For further information please contact: Karen Diemer, Communications Manager, Skanska USA Civil, tel +1 718 746 2785 Anna Wenner, Press Officer, Skanska AB, tel +46 8 753 88 99