Skanska to expand John Hopkins Hospital in Baltimore for SEK 1.7 billion (USD 225 M)

Skanska to expand John Hopkins Hospital in Baltimore for SEK 1.7 billion (USD 225 M) Skanska has been awarded the pre-construction and construction services assignments for expansion of the John Hopkins Hospital in Baltimore, Maryland. The contract value is more than USD 300 M, of which Skanska's share is 75 percent, amounting to USD 225 M, about SEK 1.7 billion. The contract is included in order bookings for the third quarter of 2004. The customer is The John Hopkins Hospital, one of the most prestigious hospitals in the US, with a number of awards. It has topped the U.S. News & World Report magazine's annual ranking of American hospitals for 14 consecutive years. Pre-construction work is underway and construction is scheduled to be completed in 2008. The project is being carried out in a joint-venture headed by Skanska, with the partner The Smoot Construction Company accounting for 25 percent of the project. The New Clinical Building project involves a total of 120,000 square meters in a single structure comprising two distinct building programs - the Cardiovascular & Critical Care Tower and the Children's & Maternity Hospital. The Cardiovascular & Critical Care Tower will include 320 beds and 44 operating rooms. The Children's & Maternity Hospital will house 205 beds, 10 operating rooms, a pediatric emergency department as well as labor and delivery suites. Skanska USA Building Inc. is a leading national and local provider of construction, pre-construction consulting, general contracting and design build services to a broad range of US industries, including biopharmaceutical, educational, high-tech, healthcare, transportation and sports and entertainment. The company is headquartered in Parsippany, New Jersey, and has more than 5,300 employees. For further information please contact: Tom Crane, Senior Vice President, Corporate Communications, Skanska USA Building, +1 973 285 8004 Anders Lilja, SVP Investor Relations, Skanska AB, +46 8 753 88 01 or +46 70 689 99 91 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/2004/09/15/20040915BIT20060/wkr0001.pdf PDF