Skanska to construct hotel and retail project in the U.S. for approximately SEK 2.4 billion, USD 350 M

Skanska to construct hotel and retail project in the U.S. for approximately SEK
2.4 billion, USD 350 M

Skanska has been awarded the construction contract for the expansion of the
hotel, retail and dining area and the office building at a casino in Uncasville,
Connecticut, in the U.S. The total contract amount is USD 350 M, about SEK 2.4
billion, which will be included in second-quarter order bookings.

The customer is the Mohegan Tribal Gaming Authority.

The project will include the expansion of the Mohegan Sun Hotel, which will be
enlarged by 1,000 rooms, a dining and retail area, comprising 10,700 square
meters, and a 3,700-square-meter office building. The project also includes a
parking garage with 3,600 spaces.

Construction on the project will begin in September this year, with an estimated
completion date in 2010. 

At present, Skanska is also involved in the expansion of Greektown Casino,
including a hotel area comprising 400 rooms in Detroit, Michigan, and Casino
Snoqualmie, in Snoqualmie, Washington.  

Skanska USA Building is a leading national and local provider of construction,
pre-construction consulting, general contracting and design-build services to a
broad range of US industries, including life sciences, healthcare, education,
high-tech, electronics, infrastructure, sports and entertainment. Skanska USA
Building also provides pharmaceutical validation services to clients. The
company is headquartered in Parsippany, New Jersey, and has approximately 3,700
employees. The company reported sales in 2006 of about SEK 30 billion.





For further information, please contact:

Tom Crane, Senior Vice President Communication, 
Skanska USA Building, tel +1 973 753 3450 
Peter Gimbe, Press Officer, Skanska AB, tel +46 (0)8-753 88 38
Direct line for the media: +46 (0)8-753 88 99


This and previous releases can also be found at www.skanska.com

This is the type of information that Skanska AB may be obligated to disclose in
accordance with the Swedish Securities Exchange and Clearing Operations Act
and/or the Financial Instruments Trading 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 USD 17 billion.