Skanska to build ring road in Czech Republic for SEK 360 M, CZK 960 M

Skanska to build ring road in Czech Republic for SEK 360 M, CZK 960 M 

Skanska has been contracted to construct a section of the new ring road around
Prague in the Czech Republic. Skanska's share of the contract amount totals CZK
960 M, about SEK 360 M, which has been included in orders bookings for the third
quarter. 

The contract is worth a total of about CZK 4.2 billion, SEK 1.6 billion. The
project will be implemented by a consortium, of which Skanska's share accounts
for 23 percent.

The client is the Czech Highway Authority, which is financing the project with
support from the state fund for transport infrastructure.

The project pertains to a 9-kilometer section of four-lane expressway, including
22 bridges and three fly-overs. The expressway will mainly be constructed
outside the developed area southeast of Prague. The new project will connect to
another section of the ring road that Skanska is currently also constructing. 

Work will commence immediately and both of the sections are scheduled to be
completed in 2010. 

Skanska Czech Republic, the largest construction company in the Czech Republic,
had sales of SEK 11 billion in 2007. The company has about 7,000 employees in
Czech Republic and Slovakia. 


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.