Skanska to build pipeline in Puerto Rico for USD 74 M, about SEK 475 M

Skanska to build pipeline in Puerto Rico for USD 74 M, about SEK 475 M

Skanska has been contracted to build a gas pipeline in Puerto Rico. The contract
amount is USD 74 M, about SEK 475 M, which is included in order bookings for the
first quarter of 2008. The customer is the government power company, Puerto Rico
Electric Power Authority (PREPA), a new client for Skanska. Construction on the
pipeline is anticipated to begin in February, 2008.

The project comprises a 42 mile/67-kilometer pipeline with a diameter of 20
inches, about 0.5 meters. Skanska is responsible for designing, permitting,
construction, commissioning and start-up. The pipeline will deliver natural gas
from EcoEléctrica terminal in Peñuelas to a combined cycle plant in Aguirre in
southern Puerto Rico."We chose Skanska to build our first natural gas pipeline based on the breadth
of their experience and track record in delivering projects on time and within
budget," said Jorge Rodríguez, Executive Director of the Puerto Rico Electric
Power Authority.

The project is being carried out in a 50/50 joint venture between Skanska USA
Building and Skanska Latin America. This assignment is the result of the
combined strengths and sharing of knowledge and expertise between Business Units
- in this case the local presence and know-how of Skanska USA Building, coupled
with the technical expertise and experience of Skanska Latin America. 

Skanska USA Building is a leading U.S. provider of construction, general
contracting, design  and design-build services. The company also provides
pharmaceutical validation services to clients. Customers represent a broad
spectrum of American industries, including the pharmaceutical, healthcare,
educational, electronics, infrastructure, sports and entertainment industries.
The company is based in Parsippany, New Jersey and has approximately 3,800
employees. Revenues totaled approximately SEK 30 billion in 2006. 

Skanska Latin America is one of the continent's leading construction companies
and one of Skanska's most profitable units. Operations focus primarily on
construction, operations and services for the international energy industry. In
2006, the company had some 11,000 employees and sales of about SEK 3.8 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 8 753 88 38
Direct line for the 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.