Skanska to Construct Patricia & Phillip Frost Museum of Science in Miami, Florida

Skanska has signed a contract to complete the construction of the Patricia & Phillip Frost Museum of Science in Miami, Florida, USA. The contract is worth USD 101 M, about SEK 690 M, which will be included in order bookings for Skanska USA Building for the fourth quarter of 2014.

The new 23,000-square meter Frost Museum of Science is located in Museum Park in downtown Miami, and will replace the existing museum that opened in 1960. The museum is targeting a LEED Platinum rating.

Construction started in May 2014 and is expected to be completed in summer 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 North America, which develops public-private partnerships; and Skanska USA Commercial Development, which develops commercial projects in select U.S. markets. Headquartered in New York, Skanska USA has more than 9,600 employees and its 2013 revenues were SEK 43.5 billion.

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 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 57,000 employees in selected home markets in Europe and the US. Headquartered in Stockholm, Sweden and listed on the Stockholm Stock Exchange, Skanska's sales in 2013 totaled SEK 136 billion.

Source: http://www.skanska.com/

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