STOCKHOLM, Sweden, Aug. 26, 2004 (PRIMEZONE) -- Skanska has been contracted to provide construction management services for the expansion of a hospital in Detroit, Michigan, in the US. The contract is valued at a total of USD 94 M, about SEK 710 M. Skanska's share is 65 percent, corresponding to USD 61.1 M, about SEK 460 M.
The contract amount is included in order bookings for the third quarter of 2004. The customer is one of the leading regional US companies in the medical and healthcare sector.
Skanska USA Building is responsible for management of the project involving slightly more than 21,000 square meters of new construction and renovation of about 5,500 square meters of existing space. The project, which is being carried out in two phases, starts with construction of the new addition. Once new construction is completed, the existing hospital space will be renovated.
The entire project is scheduled for completion in December 2008.
Skanska USA Building Inc. is a leading national and local provider of construction, pre-construction consulting, general contracting and design build and pharmaceutical validation services to a broad range of U.S. industries, including biopharmaceutical, educational, high-tech, healthcare, transportation and sports and entertainment. The company, part of the Skanska AB global group of companies, is headquartered in Parsippany, New Jersey, and has more than 5,300 employees. Skanska USA Building reported annual sales in 2003 of SEK 23 billion (USD 3.7 billion).
For further information please contact:
Tom Crane, Senior Vice President, Corporate Communications, Skanska USA Building, tel +1 973 394 9100 Anders Lilja, Senior Vice President, Investor Relations, Skanska AB, tel +46 8-753 88 01
This and previous releases can also be found at www.skanska.com
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