American casino order for USD 460 M, SEK 2.8 billion, is put on hold

American casino order for USD 460 M, SEK 2.8 billion, is put on hold

Skanska's construction management assignment for a casino in Uncasville,
Connecticut, has been put on hold by the customer. As a result, USD 460 M, about
SEK 2.8 billion, which was included in order bookings, is being removed now in
the third quarter of 2008. The original contract was included in order bookings
in the second quarter of 2007. 

”We have high demands for including a project in order bookings. It is unusual
that we are forced to put an order on hold. The project is less than 10 percent
complete and the customer has decided to stop construction and reevaluate going
forward in approximately 12 months. Our two other casino projects have proceeded
much farther and we have no indications that these are being reconsidered,” says
Mike McNally, President of Skanska USA Building. 


For further information please contact:

Karin Lepasoon, Senior Vice President Communications, Skanska AB, tel +46 8 753
88 00
Mike McNally, President, Skanska USA Building, tel +1 617 574 1480


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 60,000 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
2007 totaled SEK 139 billion.