Skanska secures railway contract in Norway worth NOK 1.36 billion, about SEK 1.57 billion

Skanska secures railway contract in Norway worth NOK 1.36 billion, about
SEK 1.57 billion

Skanska has been contracted to build a double track railway on the
Vestfold Line in Norway. The contract amounts to NOK 1.36 billion, about
SEK 1.57 billion, which will be included order bookings for the fourth
quarter. Customer is the Norwegian National Rail Administration
(Jernbaneverket).

The Vestfold Line will contribute to a more efficient flow of traffic
between Drammen and Porsgrunn, and the area around the Oslo Fjord will
be better connected with sustainable transports. The new route is
adapted for future train speeds of up to 250 km/hour. The contract
Skanska has signed is for the projects Station and Fibo.
 
The Station project covers 2,370 meter tunnel and the construction of
the 866 meter station hall. Furthermore, Skanska will construct 1,000
meter of drain tunnels. The Fibo project covers the 1,930 meter long
main tunnel.

”This is an important project for us. The project is completely in line
with Skanska Norway's strategy to be the best at large and complex civil
construction projects. Therefore it is very gratifying that
Jernbaneverket has chosen to work with us, says Petter Eiken, Business
Unit President of Skanska Norway.

The project is scheduled to be completed in December 2015.

Skanska Norway focuses on construction and civil engineering operations.
The unit has approximately 4,200 employees. In 2010, Skanska Norway
reported revenue of about SEK 11 billion. In Norway, Skanska is also
active in the development of residential, commercial properties and
public private partnerships (PPP) projects.

For further information, please contact:
Annett Aamodt, Communications Manager, Skanska Norway, Tel +47 92 25 10
10
Edvard Lind, Group Press Officer, Skanska AB, Tel: +46 (0)10-448 88 08
Direct line for media: +46 10 448 88 99

This and previous releases can also be found at
www.skanska.com (http://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 52,000
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 2010 totaled SEK 122 billion.