Skanska to build casino in the US for USD 120 M, about SEK 840 M

Skanska to build casino in the US for USD 120 M, about SEK 840 M

Skanska has been contracted to build a casino in Snoqualmie, Washington in the
US. The contract amount is USD 120 M, about SEK 840 M, which is included in the
order bookings for the first quarter. The customer is the Snoqualmie Indian
Tribe.

The project involves a new casino, a 1,000-seat event center and five
restaurants. Casino Snoqualmie will cover about 17,200 square meters and is
being built in a mountain-lodge style. The project also includes a parking
facility.

Work has begun and is scheduled to be completed in November 2008. 

Skanska is currently also constructing a 400-room hotel and casino addition to
the Greektown Casino in Detroit, Michigan. This project will be completed in
2008.

Skanska USA Building 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 life sciences, healthcare, education,
high-tech, electronics, infrastructure, sports and entertainment. Skanska USA
Building also provides pharmaceutical validation services to clients. The
company is headquartered in Parsippany, New Jersey, and has approximately 3,700
employees. The company reported sales in 2006 of about SEK 30 billion.


For further information please contact:

Tom Crane, Senior Vice President Communication, 
Skanska USA Building, tel +1 973 753 3450 
Peter Gimbe, Press Officer, Skanska AB, tel +46 8 753 88 99


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


Skanska is one of the world's leading construction groups with expertise in
construction, development of commercial and residential projects and
public-private partnerships. The Group currently has 56,000 employees in
selected home markets in Europe, in the US and Latin America. Headquartered in
Stockholm, Sweden and listed on the Stockholm Stock Exchange, Skanska's sales in
2006 totaled USD 17 billion.