Skanska to construct a new prison in London for GBP 100 M, or approximately SEK 1.2 billion

Skanska has been awarded the contract to design and construct a new prison in London. The contract amount is GBP 100 M, or about SEK 1.2 billion, which will be included in second-quarter order bookings. The contract was signed with BWP Project Services Ltd, an investment vehicle 100 percent managed by Barclays Infrastructure Funds Management Limited, and the prison will be operated by Serco Group plc on behalf of the British Ministry of Justice.

The contract relates to the Belmarsh West, which will comprise a 600-cell four-story building and a number of associated buildings to provide such services as education, rehabilitation, training, healthcare, administration works, visits and security.

In addition to the construction of the buildings, Skanska will also undertake the structural and civil design, piling works and the installation of mechanical and electrical facilities. The new prison will target a rating of Excellent in the international environmental system BREEAM.

Construction is scheduled to commence immediately, with completion in the first half of 2012.

Serco Group plc, Skanska and Barclays Infrastructure Funds Management Limited have cooperated on several similar projects, including the expansion of HMP Lowdham Grange and HMP Dovegate. Both of these prisons were also originally constructed by Skanska in 1997 and 2001, respectively.

Skanska UK reported revenues of SEK 18 billion in 2009, with about 4,800 employees. The company is active in building and civil construction, utilities and building services.


For further information, please contact:
Tanya Barnes, Head of Communications, Skanska UK, tel +44 1923 423 905
Peter Gimbe, Press Officer, Skanska AB, tel +46 10-448 88 38
Direct line for media: +46 10-448 88 99


This and previous releases can also be found at www.skanska.com

Skanska AB may be required to disclose the information provided herein pursuant to the Securities Markets Act.

Skanska is one of the world’s leading project development and construction groups with expertise in construction, development of commercial and residential projects and public-private partnerships. Based on the company’s global environmental expertise, Skanska aims to be the customer’s first choice for Green projects. The Group currently has 49,000 employees in selected home markets in Europe, the U.S. and Latin America. Skanska's sales in 2009 totaled SEK 137 billion.