STOCKHOLM, Sweden, May 03, 2004 (PRIMEZONE) -- Skanska has been contracted to extend the subway system in Prague. Skanska's share of the project amounts to about SEK 1 billion (CZK 3.6 billion) and is included in order bookings for the second quarter of 2004. The customer is the City of Prague traffic company.
The extension is being carried out in a consortium including the Czech companies Metrostav and Subterra. Skanska has 37 percent of the entire project, which is valued at about SEK 2.7 billion (CZK 9.8 billion).
The construction time is estimated at nearly four years. Work begins in May and the project is scheduled to be completed at year-end 2007.
The assignment involves an extension of 4.6 kilometers of the C-Line in the northern section of Prague. About 40 percent of the stretch is through tunnels. The extension begins at the Ladvi station and involves three new stations. The assignment also includes land improvement, parking areas and a bus station at the new end station at Letnany.
Skanska CZ, the largest construction company in the Czech Republic, recently completed the Sazka Arena in which the Ice-hockey World Championships are currently being played. The company's other major projects include expansion of Prague's international airport. The company reported sales in 2003 of slightly more than SEK 7.6 billion, with about 6,400 employees.
For further information please contact:
Ondrej Such, Head of External Affairs, Skanska CZ, tel +420 267 095 444
Peter Gimbe, Press Officer, Skanska AB, tel +46 8-753 88 38
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