Skanska expects subway project in New York for USD 400 M, about SEK 2.75 billion

Skanska expects subway project in New York for USD 400 M, about SEK 2.75 billion

According to MTA New York City Transit, Skanska will be awarded the contract for
an extension of the 7 Subway Line in the next few weeks. The contract is
expected to amount to USD 1.14 billion, approximately SEK 7.8 billion, of which
Skanska's share is 35 percent. When the contract has been signed, USD 400 M,
approximately SEK 2,750 M will be included in order bookings for the fourth
quarter. The customer is MTA New York City Transit.

The assignment concerns an extension of the 7 Subway Line between Times Square
and West Side of Manhattan. The project involves the construction of about 2.4
kilometers of new tunnels with a diameter of 6.5 meters. The tunnel will be
constructed at a depth of about 40 meters. Time for completion is estimated at
57 months. 

Skanska is a part of a joint venture named S3 Tunnel Constructors in which
Skanska USA Civil and J.F. Shea Construction hold 35 percent each and the
Schiavone Construction Company holds 30 percent.

Earlier this year, Skanska was awarded the project to build the first stage of
the Second Avenue Subway Line on the East Side of Manhattan. This project is
also being carried out by S3 Tunnel Constructors. Skanska's share of this
contract amounts to USD 126 M. Skanska's largest US order to date is the Croton
Water Filtration Plant in New York, in which Skanska's contract amounts to USD
1.04 billion.

Skanska USA Civil is focused on the construction of traffic infrastructure and
facilities for power, water and water treatment. The company has about 3,800
employees and operations in the eastern US, Colorado and California. Skanska USA
Civil's revenues amounted to about SEK 9.8 billion in 2006.


For further information please contact:

Karen Diemer, Communications Manager, Skanska USA Civil, tel +1 718 746 2785
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 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
2006 totaled SEK 126 billion.