Skanska awarded first road assignment in northwestern U.S. - viaduct construction in Seattle for USD 115 M, approximately SEK 840 M

Skanska awarded first road assignment in northwestern U.S. - viaduct
construction in Seattle for USD 115 M, approximately SEK 840 M

Skanska is expanding its infrastructure construction and civil engineering
operations to the northwestern U.S. The first road assignment in the state of
Washington is for the Alaskan Way Viaduct in Seattle. The contract amounts to
USD 115 M, approximately SEK 840 M, which will be included in order bookings for
the second quarter. 

The customer is the Washington State Department of Transportation.

The project involves the construction of a new 1.3-kilometer (0.8-mile) viaduct
on the southern section of the Alaskan Way on the State Route 99 bypass in
downtown Seattle.

The new stretch will be built in parallel with and replace the existing
heavily-trafficked road. The new construction will increase capacity and improve
the earthquake resistance.      

The project will be conducted by Skanska USA Building and Skanska USA Civil,
which now have a joint base in Seattle, Washington. 

“It is our strategic intention to also become established within infrastructure
construction and civil engineering in this expansive region, where we have a
long tradition in building construction. It is highly gratifying that we have
now secured our first road contract and I am certain that we will expand in this
market,” says Mike McNally, Executive Vice President of Skanska and the member
of the Senior Executive Team with responsibility for operations in the U.S. and
Latin America. 

Work will commence in summer 2010 to be completed in 2013. 

Skanska USA is one of the leading development and construction companies in the
country, consisting of four business units: Skanska USA Building, which
specializes in building construction; Skanska USA Civil, specialized in civil
infrastructure; Skanska Infrastructure Development, which develops
public-private partnerships; and Skanska Commercial Development, which develops
commercial development projects in select U.S. markets. Headquartered in New
York, Skanska USA has approximately 7,000 employees and its 2009 revenues were
SEK 44 billion.

For further information please contact:

Jay Weisberger, Communications Manager, Skanska USA, 
tel +1 206 494 5469
Peter Gimbe, Press Officer, Skanska AB, tel +46 10 448 88 38
Direct line for media: tel +46 10 448 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. Based on its global green experience,
Skanska aims to be the clients' first choice for green solutions. The Group
currently has 53,000 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 2009 totaled SEK 137 billion.