Skanska secures water project in Argentina valued at USD 82.5 M (SEK 850 M) Skanska's share amounts to 50 percent

Skanska secures water project in Argentina valued at USD 82.5 M (SEK 850 M) - Skanska's share amounts to 50 percent Skanska's Argentinean subsidiary, Sade Skanska, has been contracted for the construction of the Colorado River Water Pipeline. A fiber-optic cable will also be installed parallel to the pipeline. The total contract is valued at USD 82.5 M (SEK 850 M), of which Sade Skanska's share amounts to SEK 425 M. The contract is denominated in USD. The customer is the province of La Pampa in Argentina. Sade Skanska is leading the 50/50 joint venture with Techint, an Argentinean company. The project comprises a 156-km pipeline supplying Santa Rosa and other cities in the province of La Pampa with water from the Colorado River, approximately 500 km southwest of Buenos Aires. The pipeline, with a diameter of 1.1 meters, will have a maximum capacity of 2 cubic meters per second. The assignment includes the construction of an intake and treatment plant, two larger pump stations and a number of smaller ones, as well as operations buildings and electrical installations. A fiber-optic (broadband) network will be installed parallel to the route of the pipeline. The network will connect 20 cities and will comprise a total of 595 km of fiber-optic cable. This portion of the total contract amount is valued at approximately USD 8.5 M (SEK 87 M). The project will be carried out over a period of 18 months. Work will begin immediately and is scheduled for completion in 2002. Sade Skanska is one of the leading companies within the field of construction-related services in South America. Sade Skanska has a total order backlog corresponding to three years of operations. For further information please contact: Roberto Moltoni, Project Manager, Sade Skanska, Tel +54 11 4341 7360, Cellular Phone +54 11 15 4496 1853, E-mail rmoltoni@sade.com.ar Tor Krusell, Senior Vice President Corporate Communications, Skanska AB, Tel +46 8 753 87 47 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/2001/08/14/20010814BIT00240/bit0002.doc http://www.waymaker.net/bitonline/2001/08/14/20010814BIT00240/bit0002.pdf