Skanska to construct airport terminal in Prague for SEK 886 M -- Skanska's share is SEK 643 M

Stockholm, SWEDEN

STOCKHOLM, Sweden, Nov. 18, 2003 (PRIMEZONE) -- Skanska has been contracted to construct a new terminal at the Ruzyne International Airport in Prague. The contract is valued at a total of SEK 886 M (CZK 3.2 billion). Skanska's share of the contract is 72.5 percent, corresponding to SEK 643 M. The customer is the Czech Airports Authority.

The contract is included in order bookings for the fourth quarter of 2003.

The contract is one of the largest public projects in the Czech Republic in recent years. Financing is being arranged through the European Investment Bank (EIB).

The new Terminal North 2 at the Prague Ruzyne International Airport is being constructed on two levels, with an area of 28,690 square meters. The building will house departure and arrival halls and will be linked with existing terminal buildings.

Work will commence within shortly and is scheduled for completion during 2005. The project is being carried out in a consortium with Austria- based Strabag.

Recently, Skanska's subsidiary Skanska CZ also received one of the Czech Republic's largest design/build assignments, the new head office of the Czech bank CSOB in Prague. The contract is valued at SEK 772 M (CZK 2,740 M).

Skanska CZ is also currently constructing the Sazka Arena in Prague. This SEK 815 M project is the largest ongoing construction project in the country. With a capacity of about 18,000 spectators, the arena will be completed for the Ice-hockey World Championship in 2004.

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