Skanska to build highway in Czech Republic worth SEK 1.9 billion - Skanska's share is 845 million

Skanska to build highway in Czech Republic worth SEK 1.9 billion - Skanska's share is 845 million Skanska has secured an order for the construction of a highway in the Czech Republic. The value of the basic order amounts to approximately SEK 1.9 billion (CZK 6.9 billion), of which Skanska's 43-percent participation corresponds to SEK 845 million (CZK 3 billion). The value of this contract will be included in order bookings for the fourth quarter of 2004. The customer is Reditelství silnic a dálnic CR, the Czech Republic's National Road Administration. The assignment involves construction of an 16-kilometer section of the D47 highway between Lipnik and Belotin, in the eastern part of the Czech Republic. The project includes 25 bridges, three elevated highways, three viaducts as well as a number of approach roads and local roads. In addition, the project comprises landscaping work, including replanting of trees, sedimentation plants for rainwater and all installations. The construction period is estimated at five years, with start in December this year and completion scheduled for December 2009. However, the highway will be open for traffic in 2008. The project is being managed by Skanska, which owns 43 percent of the consortium that also includes Strabag (32 percent) and Dalnicni stavby Praha a.s. (25 percent). Skanska CZ, which is the Czech Republic's largest construction company, has 6,400 employees and had total sales of slightly more than SEK 7.6 billion in 2003. Earlier this year, the company was awarded a contract for the same highway, D47, valued at SEK 690 M. Among the company's other major projects in progress include expansions of the metro system and the international airport in Prague. For further information please contact: Ondrej Such, Press Officer, Skanska CZ, tel +420 267 095 444 Anna Wenner, Press Officer, Skanska AB, tel 08-753 88 39 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/2004/11/12/20041112BIT20840/wkr0001.pdf PDF