Skanska's contract for tunnel through Hallandsås increased by SEK 600 M

Skanska's contract for tunnel through Hallandsås increased by SEK 600 M

The Skanska-led consortium Skanska-Vinci HB's contract to construct the
dual-track railway tunnel through Hallandsås has been increased. Skanska's share
of the increased contract amounts to SEK 600 M, which is included in order
bookings for the fourth quarter. The customer is Banverket (Swedish Railway
Administration).

The increased contract arose due to the complicated rock structure at
Hallandsås, which could not be foreseen. As a result, tunnel drilling equipment
is wearing more than anticipated, while progress is taking longer. Approximately
57 percent of the main tunnel is now constructed and Skanska-Vinci's portion of
the work is expected to be completed in 2014. 

“We are not pleased that the project is delayed. However, we now have agreed on
a solution with which both parties are satisfied. We also consider that we have
a functioning technical solution and that the project can be executed in an
environmentally safe manner. This important project will increase the
competitiveness of train traffic on the West Coast line (Västkustbanan),” says
Anders Rehnström, Project Director, Skanska-Vinci.  

For more information about the project, please refer to Banverket's website for
Project Hallandsås at www.banverket.se/hallandsas

Skanska Sweden is one of the largest construction companies in Sweden with
operations in the building and civil engineering area. The company has
approximately 11,000 employees and generated revenues totaling about SEK 27
billion in 2007. In Sweden, Skanska is also active in the development of
residential and commercial premises.




For further information please contact:

Kenneth Nilsson, vice President, Skanska Sweden, +46 31 771 13 05
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.