Skanska to construct World Trade Center Project in New York for USD 434 M, about SEK 3.1 billion

Skanska to construct World Trade Center Project in New York for USD 434 M, about
SEK 3.1 billion

Skanska, in a joint venture with Granite Construction, has been awarded a USD
542 M contract to construct the new PATH station at the site of the World Trade
Center in New York City. Skanska's share of the contract is 80 percent,
corresponding to USD 434 M, approximately SEK 3.1 billion, which will be
included in order bookings for the first quarter. The customer is the Port
Authority of New York and New Jersey.

PATH is the Port Authority's commuter rail system, which connects New Jersey to
downtown Manhattan. The joint-venture partnership is responsible for placement
of all cast-in-place concrete to construct the new station platforms 36 feet
below and immediately west of New York City Transit's (NYCT) No. 1 Subway Line
structural box. Structural steel and precast concrete work was awarded under a
separate contract to a different contractor. 

The concrete roof also will form the plaza to the east of the new WTC Memorial.
The mezzanine of the new station will connect to the future transit hall to the
east, which will facilitate connections to NYCT trains.

“The construction of the new PATH station will play a significant role in the
rebuilding of the World Trade Center site,” said Mike McNally, EVP Skanska AB
and within the Senior Executive Team responsible for operations in the Americas.
“This exemplifies Skanska's ability to provide both heavy civil and building
expertise to deliver one of the most comprehensive transit hubs in one of the
busiest cities in the world.”

The WTC station is the busiest in the PATH system. Since work will take place
around fully-operational PATH trains, a complex plan to sequence relocation and
reconstruction of the existing platforms (A thru C) and tracks (1 thru 5) is
required. A new fourth Platform D is being added to accommodate future service
needs.  

The contract includes completion of the east/west connector and West Street
underpass, connecting the station to the World Financial Center. All
self-performed civil work for this contract will be executed in conjunction with
Granite Construction. Skanska will complete all mechanical/electrical/plumbing
(M/E/P) work and architectural finishes. 

Work on the project will begin this month and is scheduled for completion in May
2014. Both Skanska USA Civil and Skanska USA Building will take part in the
implementation of the project with a 50 percent and 30 percent share
respectively of the total contract amount.

Skanska USA is one of the leading development and construction companies in the
country, consisting of four business units: Skanska USA Building, which
specializes in building construction; Skanska USA Civil, specialized in civil
infrastructure; Skanska Infrastructure Development, which develops
public-private partnerships; and Skanska Commercial Development, which develops
commercial development projects in select U.S. markets. Headquartered in New
York, Skanska USA has approximately 7,000 employees and its 2009 revenues were
SEK 44 billion.




For further information please contact:

Karen Diemer, Communications Manager, Skanska USA, 
tel +1 718 746 2785
Peter Gimbe, Press Officer, Skanska AB, tel +46 10 448 88 38
Direct line for media: tel +46 10 448 88 99

This and previous releases can also be found at www.skanska.com

Skanska AB may be required to disclose the information provided herein pursuant
to the Securities Markets Act.

Skanska is one of the world's leading project development and construction
groups with expertise in construction, development of commercial and residential
projects and public-private partnerships. Based on its global green experience,
Skanska aims to be the clients' first choice for green solutions. The Group
currently has 53,000 employees in selected home markets in Europe, in the US and
Latin America. Headquartered in Stockholm, Sweden and listed on the Stockholm
Stock Exchange, Skanska's sales in 2009 totaled SEK 137 billion.