Skanska to construct new residential area in Oslo for SEK 430 M

Skanska has received the first contract for expansion of the new Fornebu residential area in Oslo. The contract amount is NOK 365 M, about SEK 430 M, which is included in order bookings for the first quarter 2008. The customer is the Fornebu Boligspar AS residential development company.

The project involves seven buildings with a total of 158 apartments. The four- and five-story residential buildings form enclosed courtyards, with an underground parking garage. The project comprises a total of 26,000 square meters.

Work will begin at the site in March and the project is scheduled to be completed in 2010.

Skanska has a long-term cooperation agreement for the continued expansion of housing on the closed Fornebu airport. Fully developed, the new housing area is planned to comprise about 4,800 apartments. Skanska has also been involved in the development process for Fornebu for a number of years.

Skanska Norway focuses on building construction and civil engineering. The unit has about 4,300 employees. In 2006, Skanska Norway had sales of about SEK 10.6 billion. Skanska is also active in Norway in the development of residential projects and Public Private Partnerships (PPP) projects.


For further information please contact:

Geir Linge, Head of Communications, Skanska Norway, tel +47 4000 6400
Peter Gimbe, Press Officer, Skanska AB, tel +46 8 753 88 38.
Direct line for media: tel +46 8 753 88 99