STOCKHOLM, Sweden, Sept. 20, 2005 (PRIMEZONE) -- Skanska has been awarded the contract to rebuild a section of railway line in the Czech Republic. The total contract value is approximately SEK 1,130 M (CZK 3.7 billion), of which Skanska's share is 60 percent, or about SEK 680 M, which will be included in order bookings for the third quarter. The customer is the Czech Rail Administration.
The project, which is being financed by the EU Cohesion Fund and the State Transport Infrastructure Fund, relates to an approximately 24-kilometer-long section of the main railway line between Cervenka and Zabreh na Morave in the central Czech Republic.
The purpose of the rebuilding work is to enable rail traffic to reach speeds of up to 160 km/hour and to improve safety along the line section in question.
The scope of the project includes construction of a new bridge and reconstruction of 24 existing bridges, as well as construction of five new viaducts to raise traffic safety levels. A noise barrier will also be constructed along a 4-kilometer stretch of the line.
Work will start immediately and is scheduled for completion in October 2008.
Skanska Czech Republic will lead the work, which will be carried out in a consortium with Subterra and Leonhard Weiss & Co, each of which holds a 20-percent interest in the total project value.
Skanska Czech Republic, the largest construction company in the Czech Republic, had sales of approximately SEK 8 billion in 2004. The company has 7,000 employees. Skanska Czech Republic's major projects in progress include the expansion of the capital's metro system and the international airport in Prague, and construction of a new headquarter for CSOB, a leading Czech bank.
This and previous releases can also be found at www.skanska.com
This information was brought to you by Waymaker http://www.waymaker.net
The following files are available for download:
http://wpy.waymaker.net/client/waymaker1/WOLReleaseFile.aspx?id=132184&fn=wkr0001.pdf