Skanska Inks Infrastructure Upgrading Contract for Stamford Hospital Campus in USA

Skanska has signed a contract to upgrade infrastructure at the Stamford Hospital Campus for USD 56 M, about SEK 380 M, which will be included in the order bookings for Skanska USA Building for the third quarter 2012.

Skanska will provide significant infrastructure upgrades at the Stamford Hospital Campus, including building a new 3,100 square-meter central utility plant, and additional surface parking lots, as well as site work including utilities. The project began in summer 2012 and is expected to be fully completed in August 2016.

Skanska USA is one of the leading development and construction companies in the country, consisting of four business units: Skanska USA Building, which specializes in building construction; Skanska USA Civil, specialized in civil infrastructure; Skanska Infrastructure Development, which develops public-private partnerships; and Skanska Commercial Development, which develops commercial projects in select U.S. markets. Headquartered in New York, Skanska USA has approximately 9,400 employees and its 2011 revenues were SEK 31.3 billion.

Skanska AB may be required to disclose the information provided herein pursuant to the Securities Markets Act.

Throughout 125 years, Skanska has been a modern and innovative developer and contractor, building what society needs. Today, Skanska is one of the world’s leading project development and construction groups with expertise in construction, development of commercial and residential projects and public-private partnerships. Based on its global green experience, Skanska aims to be the clients' first choice for Green solutions. The Group currently has 53,000 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 2011 totaled SEK 123 billion.

Source: http://www.skanska.com

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