Skanska to construct first phase of new subway line in New York for USD 337 M of which Skanska's share amounts to USD 126 M, SEK 885 M

Skanska to construct first phase of new subway line in New York for USD 337 M of
which Skanska's share amounts to USD 126 M, SEK 885 M

Skanska has been contracted to manage and carry out construction of the new
Second Avenue Subway Line project in New York City on Manhattan's East Side. The
contract amount is USD 337 M, about SEK 2.3 billion, of which Skanska's share is
37.5 percent, corresponding to SEK 885 M. The order is included in order
bookings for the first quarter of 2007. The customer is MTA/New York City
Transit, which is receiving Federal funding for the project.

The contract is for construction of a 245-meter-long by 23-meter-wide “launch
box,” which will be the future 96th Street Station. Two parallel,
four-kilometer-long train tunnel shafts will be advanced from this box using a
tunnel-boring machine (TBM). Additionally, two access shafts will be installed
for the future 72nd Street Station.

Part of the approximately 100,000 cubic meters of the soil and rock to be
excavated is contaminated and must be treated in an environmentally correct
manner. Also included in the contract are extensive utility relocation and
construction, temporary road decking and an electricity substation.

Construction will begin immediately and is scheduled to be completed during
2010. The contract is being carried out in a joint venture named S3 Tunnel
Constructors comprising Skanska USA Civil, Schiavone Construction Co (37.5
percent) and J.F. Shea Construction (25 percent).

Work on the new subway line is divided into several phases, of which this is
start of the first. The Second Avenue Subway Line will be a total of 14
kilometers long and relieve congestion on the Lexington Avenue Line, which
carries more than one million passengers daily. Funding for this project
consists of a combination of Federal Transit Administration grants and local
funds provided by the New York State Transportation Bond Act of 2004 and the MTA
Capital Program. 

Skanska USA Civil is the largest civil engineering construction company in New
York. Currently, among other projects Skanska is working on the PATH station in
the Ground Zero area, the Manhattan Bridge and the Triborough Bridge, several
wastewater treatment plants, the New Yankee Stadium and the New Meadowlands
Stadium for the New York Jets and the New York Giants.

Skanska USA Civil's operations focus on transportation infrastructure and
facilities for power generation, water and wastewater treatment in the eastern
US, Colorado and California. Skanska USA Civil has some 4,000 employees and had
sales totaling approximately SEK 9.8 billion in 2006.




For further information please contact:

Karen Diemer, Communications Manager, Skanska USA Civil, 
tel +1 718 746 2785
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.