Skanska secures Hong Kong rail station contract worth GBP 116 M - Skanska's share is GBP 58 M, or SEK 845 M

Skanska secures Hong Kong rail station contract worth GBP 116 M - Skanska's share is GBP 58 M, or SEK 845 M Skanska's Hong Kong-based company, Gammon Construction, in which Skanska holds a 50% interest, has won a GBP 116 million, contract to build a station depot on the island's Ma On Shan Rail scheme. Skanska's share of the contract is GBP 58 million, approximately SEK 845 million. The client is Kowloon Canton Railway Corporation. The two-year contract at Shatin Tai Wai includes constructing the sub- structures and superstructures of the Tai Wai Depot. Constructed entirely with reinforced concrete on bored piles and pre- bored piles, the depot project includes all mechanical and electrical installations; internal roads; and ancillary buildings. Gammon will also fit-out the depot ready for use by the client. Above ground Gammon will construct a car park slab at podium level, leaving the area ready for future development. Skanska acquired 50% of Gammon Construction last year. Gammon is one of the largest construction companies in Hong Kong, and also has extensive operations in mainland China and Singapore. For further information please contact: Tor Krusell, Senior Vice President Corporate Communications Skanska AB, Tel + 46 8 753 87 47 Kris Birkett, Press Officer Skanska Construction, Tel + 44 1923 42 38 33 This and previous releases can also be found at www.skanska.com ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/03/16/20010316BIT00400/bit0001.doc http://www.bit.se/bitonline/2001/03/16/20010316BIT00400/bit0001.pdf