Skanska to build highway in Czech Republic for EUR 48 M, about SEK 550 M

Skanska to build highway in Czech Republic for EUR 48 M, about SEK 550 M

Skanska has been contracted to construct a new highway in the Czech Republic.
Skanska's share of the contract amounts to EUR 48 M, about SEK 550 M, which is
included in order bookings for the first quarter. The customer is the road
administration in Czech Republic. The project is being financed through the EU
and EIB.

The assignment is being carried out in a consortium including Skanska. The total
contract amount is EUR 127 M, of which Skanska's portion is 38 percent,
corresponding to EUR 48 M. The consortium also includes Czech construction
companies. 

The project involves part of Highway I11 near Ostrava in northeastern Czech
Republic and covers about 10 kilometers. Existing stretches of roadway will be
rebuilt into a four-lane highway and new bypasses and interchanges will be
constructed near some small towns. Skanska is responsible for four kilometers,
including a 526-meter bridge.

Work has begun on the site and the highway is scheduled to open for traffic in
March 2012. 

Skanska Czech Republic, which is the country's largest construction company, had
sales in 2008 of about SEK 13 billion. The company has 6,800 employees in the
Czech Republic and Slovakia. Skanska is also active in the Czech Republic in the
development of office buildings through Skanska Commercial Development Europe.



For further information please contact:

Jan Hrabovský, Responsible for PR, Skanska Czech Republic, 
tel +420 737 255 016
Peter Gimbe, 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 project development and 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 2008 totaled SEK 144 billion.