Skanska Secures new Environmental Project in New York for USD 136 M, About SEK 1 billion


STOCKHOLM, Sweden, July 13, 2005 (PRIMEZONE) -- Skanska has been contracted to construct the final phase of the new Paerdegat Basin Water Quality Facility, which is being constructed to improve the water quality in Brooklyn, New York. The contract amount is USD 136 M, SEK 1,050 M, and will be included in order bookings for the second quarter of 2005. The customer is the New York City Department of Environmental Protection.

The scope of Skanska's contract includes construction of new buildings and plant facilities at Paerdegat Basin. Skanska will also be responsible for installation of control systems, piping, valves, pumps and other ancillary equipment. In addition, the contract requires wetland restoration for certain areas of Jamaica Bay. Site work will begin in July with expected contract duration of 48 months.

The facility will operate during wet weather only and will be used to store rainwater and sewage water in high floods, heavy rainfalls and spring snow thaws. The stored overflow will later be sent to the Coney Island Waste Water Treatment Plant for treatment.

The project is part of the New York City Department of Environmental Protection's program to reduce pollution and improve water quality through CSO abatement. The project will reduce discharge into the Bay, improve oxygen quality in the water, reduce bacteria and provide control over pollutants.

This is Skanska's third large environmental project in New York in the past few years. Skanska is currently carrying out major expansions of the North River Water Pollution Control Plant for USD 46.6 M and the wastewater plant at Newton Creek. Skanska's share of the contract amount for the latter project is USD 222 M.

The Paerdegat Water Basin WQF project is being carried out by Skanska USA Civil's Slattery Skanska and Gottlieb Skanska units. Skanska USA Civil specializes in such infrastructural projects as construction of highways, bridges, power generation and public transit systems as well as water and water pollution control plants. With operations in the eastern US, Colorado and California, the company has some 4,400 employees. Skanska USA Civil posted sales in 2004 of about SEK 12 billion.


 Peter Gimbe, Senior Vice President Communications, Skanska AB
 tel +46 8 753 88 99 
 
 Karen Diemer, Communications Manager, Skanska USA Civil
 tel +1 718 746 2785

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

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