ÖSTERSUND, Sweden--(BUSINESS WIRE)--Regulatory News:
Skanska (STO:SKAB) has signed a contract with the National Highway Authority, NDS, in Slovakia to build an extension of the D1 highway in eastern Slovakia. The contract is worth EUR 197M, about SEK 1.8 billion, which will be included in the order bookings for Skanska Czech Republic & Slovakia for the third quarter 2016.
The construction of the 14.4 kilometer section between Budimír and Bidovce, including an additional 1.1 kilometer of express road (R2/R4), will be financed by the European Regional Development Fund, OP Integrated Infrastructure 2014-2020 and the state budget. The section includes a total of 23 bridges, four overpasses and noise barriers. The longest bridge, over the Torysa River, will be 542 meter long.
The expected construction commencement date is November this year and the completion is scheduled for December 2019.
Skanska Czech Republic & Slovakia had revenues of about SEK 5.6 billion in 2015 and about 4,000 employees. In the region Skanska is also active in the development of office buildings through Skanska Commercial Development Europe and residential development through Skanska Residential Development Europe.
This and previous releases can also be found at www.skanska.com
The information provided herein is such as Skanska AB is obligated to disclose pursuant to the EU market securities act (EU) no. 596/2014.
Skanska is one of the world’s leading construction and project development companies, focused on selected home markets in the Nordic region, other European countries and North America. Supported by global trends in urbanization and demographics, and by being at the forefront in sustainability, Skanska offers competitive solutions for both simple and the most complex assignments, helping to build a sustainable future for customers and communities. The Group currently has 43,100 employees in selected home markets in Europe and North America. Skanska's sales in 2015 totaled SEK 155 billion.
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