Skanska appointed preferred bidder to develop M25 highway around London within the PFI program

Skanska appointed preferred bidder to develop M25 highway around London within
the PFI program

Skanska can confirm it has today, as part of the Connect Plus consortium of
which the company has a 40 percent stake along with its partners, Balfour Beatty
(40 percent), Atkins (10 percent) and Egis (10 percent) formally been appointed
preferred bidder for the development of the M25 highway around London. This
release follows the announcement made on May 8th 2008 by the British Highways
Agency that the consortium had been appointed provisional preferred bidder.

As part of the consortium, Skanska Infrastructure Development will be
responsible for the development and management of the project together with its
three partners for a period of 30 years. 

The design and construction will be undertaken by Skanska UK and Balfour Beatty
in a 50/50 joint venture.

In the next phase negotiations will be concluded and financing for the project
arranged. Financial close is expected to be reached at the end of the year. 

Following financial close, Skanska will make a further announcement stating its
investment levels in the project together with the value and timing of the
construction contract to be included in the company's order bookings. 

Skanska Infrastructure Development is a leader in the global Public Private
Partnerships (PPP) market. The business unit invests in, develops and operates
roads, hospitals, schools, power plants and other social infrastructure in
partnership with the public sector.
Skanska UK reported revenues of SEK 17.7 billion in 2007, with about 5,500
employees. The company is active in building and civil construction, utilities
and building services. Skanska is also a leader in the British program for
private public partnerships, PFI (Private Finance Initiative).


For further information please contact:

Tanya Barnes, Head of Communications, Skanska UK,
tel +44 1923 423 905 
Hans Biörck, Executive Vice President and CFO, Skanska AB, tel +46 8 753 8800
Peter Gimbe, Press Officer, Skanska AB, tel +46 8 753 88 38
Direct line for media: tel +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.