STOCKHOLM, Sweden, Aug. 10, 2005 (PRIMEZONE) -- Skanska has been awarded a contract to rebuild a section of railway in the Czech Republic. The order is valued at SEK 640 M (CZK 2,089 million) and Skanska's 55-percent share corresponds to approximately SEK 350 M (CZK 1,148 million). The contract will be included in order bookings during the third quarter of 2005. The client is the Czech railway administration and the project will be financed through the state fund for transport infrastructure.
The project includes the rebuilding of a six-kilometer section of the main railway line between Decin in the northern part of the Czech Republic and Prague. The project entails both a total rebuild, including foundation and track work on certain sections of the current railway line, and a rerouting of parts of the line. The installation of new communication and signal systems as well as one kilometer of sound barriers is included. The intention is to raise safety levels and enable train speeds of up to 120 kph.
The project will commence immediately and is scheduled for completion in October 2008. Skanska Czech Republic is the lead company of the Czech consortium that will implement the project. Skanska has completed many previous stages of the same line.
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?d=120640&fn=wkr0001.pdf PDF
-0- Ondrej Such, Press Officer, Skanska Czech Republic tel +420 267 095 444 Anna Wenner, Press Officer, Skanska AB tel 08-753 88 99