Skanska to Reconstruct the 11th Street Bridges and Interchanges in Washington D.C. for USD 182 M, about SEK 1.4 Billion

STOCKHOLM, Sweden--(BUSINESS WIRE)--Regulatory News:

Skanska (STO:SKAB) has been awarded a design/build contract for the reconstruction of the 11th Street Bridges and adjacent interchanges in Washington D.C. Skanska’s share of the USD 260 M contract amounts to USD 182 M, about SEK 1.4 billion. The project is included in order bookings for the third quarter. The customer is the District Department of Transportation.

The contract includes construction of three major bridge crossings over the Anacostia River. One crossing involves two separate bridge spans, each with three lanes in one direction for regional traffic. The bridge crossing will link the Southeast Freeway with Interstate 295/Anacostia Freeway.

Another crossing will be a single bridge span with four lanes, two in each direction and is intended for local traffic between the city sections on each side of the Anacostia River, a few kilometers from central Washington.

The project also comprises two interchanges. On the west side of the river, Skanska will construct a new connection to the Southeast Freeway and 11th Street. On the east side, the existing interchange that connects local and regional traffic of the Anacostia River will be reconstructed, with a lower overall height and located further away from the adjacent neighborhood.

Work has already begun and the project will be completed in May 2013.

The planning and execution of this type of project in which Skanska is responsible for design and construction will be supported by Building Information Modeling (BIM).

The project will be a joint-venture between Skanska and Facchina Construction Company, with Skanska acting as the Managing Partner with a 70 percent share of the contract.

Skanska USA Civil is focused on the construction of traffic infrastructure and facilities for power, water and water treatment. The business unit has about 4,200 employees and operations in the eastern U.S., Colorado and California. Skanska USA Civil’s revenues amounted to about SEK 11.5 billion in 2008.

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 project development and construction groups with expertise in construction, development of commercial and residential projects and public-private partnerships. The Group currently has 55,000 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 2008 totaled SEK 144 billion.

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