STOCKHOLM, Sweden, Sept. 19, 2005 (PRIMEZONE) -- Skanska has received the construction management assignment for the construction of the new Integrated Patient Care Research Building (IPCRB) at St. Jude Children's Research Hospital in Memphis, Tennessee. USD 71 M (SEK 510 M) will be included in order bookings for the third quarter.
Pre-construction work has already begun for the project, which is expected to be completed during the second quarter of 2007.
Skanska will be responsible for the construction management of the project, which covers an area of 30,500 square meters (328,000 sq. feet) on seven floors.
The new Integrated Patient Care and Research Building (IPCRB) will mean that the clinic's patient care and research departments will be expanded. The IPCRB will house state-of-the-art technology in the field of cancer research.
St. Jude Children's Research Hospital is a world-leader in research and treatment of cancer in children. The hospital has built America's 3rd-largest health-care charity. The policy is no family ever pays for treatments not covered by insurance, and families without insurance are never asked to pay.
Skanska USA Building's Atlanta office will be responsible for the project.
Skanska USA Building is a leading construction services company with operations in the U.S. that include construction, pre-construction consulting, general contracting and design-build services. The company also provides facilities validation services for pharmaceutical industry. Customers represent a broad range of U.S. industries, including biopharmaceutical, educational, high-tech, healthcare, transportation, sports and entertainment. The company is based in Parsippany, New Jersey and has some 3,700 employees. Skanska is one of the world's leading construction groups with expertise in construction, project development of commercial and residential projects and public-private partnerships. Skanska is committed to finding innovative solutions by cooperating closely with customers and combining the company's international expertise with local presence. The Group currently has 53,000 employees in selected home markets in Europe, in the U.S. and Latin America. Sales in 2004 totaled SEK 121 billion.
This and previous releases can also be found at www.skanska.com
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