Skanska to build highway in Czech Republic for SEK 1 billion, CZK 3 billion

Skanska to build highway in Czech Republic for SEK 1 billion, CZK 3 billion

Skanska has been contracted to build a stretch of highway in the Czech Republic.
The contract amount is CZK 3 billion, about SEK 1 billion, which is included in
order bookings for the first quarter. The customer is the Czech highway
administration. The project is being financed with support from the EU Cohesion
Fund for infrastructure construction. 

The assignment is an approximately 11-kilometer stretch of four-lane highway on
the D1, from Kroměříž to Říkovice, including a bypass for the city of Hulín in
eastern Czech Republic. The new D1 stretch will intersect the D47 that Skanska
is also currently extending. When these stretches are completed in 2011, the
highway is fully extended between Ostrava and the Polish border.

The project involves a number of bridges and viaducts as well as a
three-kilometer connecting road at Hulín. Work begins immediately and the
highway is scheduled to be competed in 2011.

The total contract amount is CZK 5 billion and Skanska, with a 60-percent share,
heads the construction consortium. 

Skanska Czech Republic, which is the largest construction company in the
country, had sales of about SEK 11.4 billion in 2007. The company has about
7,000 employees.


For further information please contact:

Ondrej Such, Press Officer, Skanska Czech Republic, 
tel +420 267 095 444
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

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 60,000 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
2007 totaled SEK 139 billion.