Skanska selected for public-private hospital assignment in the UK - provides construction project valued at SEK 3.6 bill

Skanska selected for public-private hospital assignment in the UK - provides construction project valued at SEK 3.6 billion Skanska and Innisfree has through a preferred bidder agreement been selected by the Sherwood Forest Hospitals NHS Trust and the Mansfield District Primary Care Trust for the privately financed King's Mill and Mansfield Community Hospitals project in Central Nottinghamshire. The PFI-agreement means that the Trust will give Skanska and Innisfree responsibility for financing, designing, constructing and operating the non-clinical services of hospitals. Skanska and Innisfree will each own 50 percent of the project company, which will be responsible for arranging financing and contracting suppliers. Skanska's investment amounts to approximately GBP 16 M (about SEK 224 M). The construction assignment, which is expected to be valued at GBP 265 M (approximately SEK 3.6 billion), will be conducted by Skanska UK. Additional assignments involve service and maintenance for the two hospitals named above and a third, the Newark Acute Hospital, during the 30-year concession. The signing of the financing agreement and construction contract is expected to take place during the first half of 2005. The order will be included in Skanska's order bookings once this has taken place. The Skanska consortium will develop, modernize and extend the King's Mill Hospital, which was originally constructed in the 1940s. Works will also be carried out to Mansfield Community Hospital and will include a new rehabilitation center. The total scheme covers approximately 120,000 square meters of floor space, of which slightly more than 80,000 will be newly constructed. "Being entrusted with this major hospital project in the UK provides a strong reference. It reinforces our position as a leading constructor in the UK PFI (private finance initiative) program for public-private partnership," says Bert-Ove Johansson, President, Skanska BOT. "We are very excited to have been named preferred bidder on this flagship hospital development for the communities of Sherwood Forest Hospitals NHS Trust and Mansfield District Primary Care Trust. We have put a lot of effort into the design of this scheme and are immensely proud of what we believe is architecturally exemplary with facilities that will enable Trust staff to deliver 21st century healthcare across central Nottinghamshire", says Simon Hipperson, Executive Vice President PFI/PPP business stream, Skanska UK. Skanska has secured assignments valued at more than GBP 2.5 billion (approximately SEK 34 billion) within the UK PFI program. For further information please contact: Bert-Ove Johansson, President, Skanska BOT, tel +46 8 504 368 77 Peter Gimbe, SVP Communications, Skanska AB, tel +46 8 753 88 38 Tanya Barnes, Communication Manager, Skanska UK, tel +44 1923 423 905 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/2004/09/01/20040901BIT20130/wkr0001.pdf PDF