Skanska to build tunnels for Northern Link in Stockholm for SEK 412 M

Skanska to build tunnels for Northern Link in Stockholm for SEK 412 M

Skanska has been contracted to construct two tunnels for the new Northern Link
bypass in Stockholm. The contract amounts to SEK 412 M, which is being included
in order bookings for the fourth quarter. The customer is the Swedish National
Road Administration.

The project involves a one-kilometer section with two tunnels that will link the
E4 expressway with the Norrtull intersection in Stockholm. Part of the section
passes under the Karolinska Hospital and Eugenia Tunnel. The project involves a
total of 600 meters of rock tunnel and 230 meter so concrete tunnel, with
related roads and groundwork.

Preparatory work has started at the site. The project is to be completed in five
years.

The Northern Link, which will be five kilometers long, is one of Sweden's
largest road projects. It stretches between Norrtull and Värtan on the north
side of the city, with connections to the Roslagsvägen thoroughfare at Stockholm
University. The Northern Link is intended to improve traffic flow and
environment in the area through reducing the noise level and nitrous oxide
amounts. 

Skanska Sweden focuses on construction of residential, public and commercial
premises as well as the infrastructure throughout Sweden. The business unit has
about 11,000 employees and reported revenues in 2006 of about SEK 24 billion. In
Sweden, Skanska is also active in the development of residential and commercial
properties




For further information please contact:

Kenneth Nilsson, Executive Vice President, Skanska Sweden, 
tel +46 8 504 350 52
Peter Gimbe, Group Press Officer, Skanska AB, tel +46 8 753 88 38
Direct line for media: +46 8 753 88 99


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

Skanska AB may be required to disclose the information provided herein pursuant
to the Securities Markets 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.