Skanska to build central utility plant in California for USD 181 M, about SEK 1.2 billion

Skanska to build central utility plant in California for USD 181 M, about SEK
1.2 billion

Skanska has been awarded a design-build contract for a central utility plant in
Sacramento, California. The contract amount is USD 181 M, about SEK 1,240 M,
which is included in order bookings for the fourth quarter of 2007. The customer
is the State of California.

The design-build contract involves an extensive renovation of a
7,000-square-meter service and operations building. The plant serves multiple
State of California office buildings located in downtown Sacramento, the state
capital.

The project also encompasses measures for energy savings, including a
thermal-energy storage tank. 

The project starts immediately and is scheduled to be completed in April 2010.

Skanska is involved in a number of notable construction projects in the Bay
Area, including a new seven-story surgical hospital at the Modesto Memorial
Medical Center, which was completed in June of this year, and the
13,000-square-meter patient tower at the San Jose Regional Medical Center.

Skanska USA Civil also has operations in California.

Skanska USA Building is a leading provider of construction, pre-construction
consulting, general contracting and design-build services in the U.S. to a broad
range of industries, including life sciences, healthcare, education, high-tech,
aviation, transportation and sports and entertainment. Skanska USA Building also
provides pharmaceutical validation services to clients. The company is
headquartered in Parsippany, New Jersey, and has approximately 3,900 employees.
Sales in 2006 amounted to about SEK 30 billion.


For further information, 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 38
Direct line for the media: +46 8 753 88 99


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

This is the type of information that Skanska AB may be obligated to disclose in
accordance with the Swedish Securities Exchange and Clearing Operations Act
and/or the Financial Instruments Trading Act. 

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 SEK 126 billion.