STOCKHOLM, Sweden, Feb. 25, 2005 (PRIMEZONE) -- Skanska has been contracted to construct a highway in the Czech Republic. The contract is valued at SEK 305 M (CZK 1 billion) and is included in order bookings for the first quarter of 2005. The customer is the Czech National Highway Administration, which is providing nearly one fourth of the financing for the project, with the EU Cohesion Fund providing 76 percent.
The assignment involves a 3-kilometer bypass on the D1 highway at Kromeriz, near Brno in central Czech Republic. The project to broaden the section to four lanes connects with an earlier assignment on the same highway. The new project includes seven bridges, of which the longest is 130 meters and spans the Morava River. The road project also features a number of viaducts and reconstruction of road intersections.
Special environmental measures, such as building ponds and landscaping, will be carried out adjacent to the castle in Kromeriz, which has a history dating back to the 12th Century and since 1998 is on the UNESCO World Heritage List.
Skanska Czech Republic, which is the largest construction company in the country, had total sales of approximately SEK 8 billion in 2004. The company has 6,700 employees. Skanska Czech Republic's major projects in progress include an extension of the subway system in Prague and expansion of the capital city's international airport.
This and previous releases can also be found at www.skanska.com
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