STOCKHOLM, Sweden, March 14, 2003 (PRIMEZONE) -- Skansk (Other OTC:SKSBF)a has signed two contracts with the Tromso Municipality in northern Norway. Combined, the projects are valued at SEK 340 M, NOK 290M. The contracts are included in order bookings for the first quarter of 2003.
Skanska will construct a new municipal center, including the city hall, library and movie theater totaling 18,400 square meters in central Tromso. Construction will begin this spring and is scheduled to be completed in summer 2005. This contract is valued at NOK 182 M.
The other contract with the Tromso Municipality is for the Mortensen upper secondary school. The project, valued at NOK 108 M and comprising 7,800 square meters, is to be completed in summer 2004.
The projects will be carried out by Selmer Skanska, which is Norway's largest construction company, with sales in 2002 of SEK 8.5 billion. At year-end 2002, the order backlog was SEK 6.1 billion. The company has 4,700 employees.
Photo intended for publication: www.skanska.com/tromso
For further information please contact: Selmer Skanska Pia Farstad, Communications Manager tel +47 22 03 06 00 Skanska AB Peter Gimbe, Press Officer tel +46 8 753 88 38
This and previous releases can also be found at www.skanska.com
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The following files are available for download:
http://www.waymaker.net/bitonline/2003/03/14/20030314BIT00090/wkr0001.doc
http://www.waymaker.net/bitonline/2003/03/14/20030314BIT00090/wkr0002.pdf
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