Skanska secures railway project in Czech Republic valued at SEK 1.1 billion, or CZK 2.76 billion

Skanska has secured an assignment to upgrade a railway in the Czech Republic. Skanska’s share of the contract amounts to CZK 2.76 billion, or about SEK 1.1 billion, which will be included in order bookings for the second quarter. The customer is the Czech Rail Administration. The project will be financed with support from the EU and the Czech infrastructure fund.

The project comprises a 21-kilometer stretch of the railway between Prague and Plzen in the western area of the Czech Republic. The renovation will enable trains to travel at speeds of up to 160 km/h. The assignment includes the new construction of four bridges and the renovation of 24 bridges, three stations, three platforms and installations and noise protection. Work will commence in the summer and be completed by October 2012. The assignment will be executed by a consortium led by Skanska. The total contract is valued at about CZK 4 billion, of which Skanska has a 70-percent share. The consortium also includes two Czech construction companies. Skanska Czech Republic, which is the country’s largest construction company, had sales in 2008 of about SEK 13 billion. The company has 6,700 employees in the Czech Republic and Slovakia. Skanska is also active in the Czech Republic in the development of office buildings through Skanska Commercial Development Europe. For further information please contact: Jan Hrabovský, Responsible for PR, Skanska Czech Republic, tel +420 737 255 016 Per-Lennart Berg, Press Spokesman, Skanska, tel +46 10 448 88 99