Skanska builds university library at Princeton for SEK 345 M


STOCKHOLM, Sweden, Jan. 11, 2005 (PRIMEZONE) -- Skanska has been awarded the construction management services assignment to build the new science library at Princeton University in New Jersey. The contract is valued at more than USD 50 M (approximately SEK 345 M) and is included in order bookings for the fourth quarter of 2004.

The science library is the tenth project that Skanska USA Building has worked on for Princeton University. Work is starting immediately and is scheduled for completion in September 2006.

Designed by world-renowned architects, Gehry Partners, the 8,000-square-meter (88,000-square-foot) Peter B. Lewis Science Library will consolidate the Geosciences, Chemistry, Ecology, Evolutionary Biology and Molecular Biology book collections. The building contains conference rooms, classrooms and seminar rooms, as well as a video studio and cafe. The library will serve Princeton's faculty members and approximately 6,600 students.

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 approximately 4,100 employees.


For further information please contact:
Skanska USA Building
Tom Crane, Senior Vice President, Corporate Communications
tel +1 973 285 8004 

Skanska AB
Anna Wenner, Press Officer
tel +46 8 753 88 99

This and previous releases can also be found at www.skanska.com

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