Skanska Secures Bridge Contract in Florida -- Skanska's Portion Amounts to SEK 1 Billion, USD 146 M

Stockholm, SWEDEN

STOCKHOLM, Sweden, April 20, 2005 (PRIMEZONE) -- Skanska has secured a contract to design and construct two bridges in Florida. The contract is valued at SEK 1.7 billion (USD 243 million), of which Skanska's portion is 60 percent and Flatiron Constructors' is 40 percent. The contract is included in order bookings for the second quarter of 2005. The customer is the Florida Department of Transportation.

The contract includes twin high-level bridges on the I-10 Interstate Highway across Escambia Bay in Pensacola, Florida. The total length of the bridges is about 4.2 kilometers (13,867 feet). The project includes demolition of the two existing bridges that are now being replaced.

The proposal developed by the Skanska-managed joint venture received the highest possible technical score by the Florida Department of Transportation.

Preparatory work for construction starts immediately and work is scheduled to be completed in 29 months.

Tidewater Skanska and Flatiron Constructors are currently cooperating in a 60/40 joint venture at the Cooper River Bridge, which will be the longest cable-stay span in North America. Work on this bridge in South Carolina is now in the final stages and the bridge opens for traffic this spring, which is ahead of schedule.

Skanska USA Civil's operations focus on transportation infrastructure, and facilities for power generation, water and wastewater treatment in the eastern U.S., Colorado and California. The company has 4,500 employees. Skanska USA Civil's sales amounted to approximately SEK 12 billion in 2004.

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