Skanska Awarded Contract Worth USD 271 M, About SEK 2 Billion, on Triborough Bridge


STOCKHOLM, Sweden, Aug. 15, 2005 (PRIMEZONE) -- Skanska has been awarded a contract on the Triborough Bridge in New York City. The contract, amounting to USD 271 million, SEK 1,960 million, will be included in the order bookings for the third quarter. The customer is the Triborough Bridge and Tunnel Authority.

The assignment is primarily for the replacement of bridge deck on approximately 1,200 meters of the Randalls Island and Wards Island Approach Viaduct. Other parts of the contract include the construction of two new access ramps and a new pedestrian walkway as well as the widening of a ramp leading to Manhattan. The contract also includes replacement of bearings, painting of the viaduct structure and the underside of the suspended span, the rehabilitation of the roadway lighting and the construction of a surface road on Wards Island.

The project will be implemented by Skanska USA Civil's unit Koch Skanska. Work will commence in September 2005 and is scheduled for completion in 38 months.

The Triborough Bridge is actually three bridges, a viaduct, and 23 kilometers of approach roads connecting Manhattan, Queens, and the Bronx. The longest span of the Bridge is the East River suspension section to Queens, which connects with the Grand Central Parkway and the Brooklyn-Queens Expressway as well as the neighborhood of Astoria. Last year Koch Skanska completed a USD 144 M project to replace the decks of the suspension span of the bridge, and the Queens approaches.

Koch Skanska is a business unit of Skanska USA Civil. Skanska USA Civil specializes in such infrastructure projects as construction of bridges, highways, power generation and public transit systems as well as water treatment and water pollution control plants. With operations in the eastern U.S., Colorado and California, the company has some 4,400 employees. Skanska USA Civil posted sales in 2004 of about SEK 12 billion.

This and previous releases can also be found at www.skanska.com

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