Skanska to reconstruct Amtrak facility in Manhattan for SEK 850 M

Skanska has been contracted to renovate the ventilation and safety facilities at East River Tunnels in New York. The contract amounts to SEK 850 M (USD 127 M) and is included in order bookings for the fourth quarter of 2004. The customer is Amtrak, also known as the National Passenger Railroad Corporation.

Work begins in January 2005 and is scheduled for completion within 48 months. The project is part of Amtrak’s program to improve safety of tracks and tunnels. The ventilation system will be replaced and new airshafts added to ensure air supply and smoke ventilation. The project will also improve access to and from the tunnels for emergency personnel. The project covers work from the surface to a depth of 30 meters. Skanska USA Civil’s unit, Slattery Skanska, has total responsibility for construction as well as procurement and installation of all equipment. The tunnels accommodate Long Island Rail Road trains and will remain in full operation with only brief outages during the entire construction period. Skanska USA Civil’s operations focus on transportation infrastructure and facilities for power generation, water and wastewater treatment in the eastern US, Colorado and California. The company has 5,000 employees. In 2003, Skanska USA Civil’s sales amounted to SEK 15 billion. For further information please contact: Karen Diemer, Communications Manager, Skanska USA Civil, tel +7 718 746 2785 Peter Gimbe, Senior Vice President Communications, Skanska AB, tel +46 8 753 88 38