Skanska to Build Gas Pipeline for USD 103 M, about SEK 800 M, in Brazil.STOCKHOLM Stockholm (stŏk`hôlm'), city (1995 pop. 692,954), capital of Sweden and of Stockholm co., E Sweden, situated where Lake Mälaren flows into the Baltic Sea. , Sweden Sweden, Swed. Sverige, officially Kingdom of Sweden, constitutional monarchy (2005 est. pop. 9,002,000), 173,648 sq mi (449,750 sq km), N Europe, occupying the eastern part of the Scandinavian peninsula. -- Skanska (STO STO Store (calculator function) STO Société de Transport de l'Outaouais (French) STO Strategic Technology Office (DARPA) STO Security Through Obscurity STO Service to Others :SKABh) as received a contract to build a gas pipeline in Brazil. The total contract value amounts to USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 206 M, of which Skanska's share is 50 percent. Skanska's share of USD 103 M, or about SEK SEK In currencies, this is the abbreviation for the Swedish Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 800 M, will be included in order bookings for the second quarter. The customer is Transportadora Urucu-Manaus, a subsidiary of Petrobras, the state-owned Brazilian oil company that is one of Skanska's repeat customers in the energy sector in Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. . The contract relates to a section of a new pipeline between the oil and gas fields in Urucu in Northern Brazil and Manaus. Skanska will build the 186-kilometer section between Anama and Manaus. The gas pipeline will have a diameter of 50 cm (20 inches). The project will start immediately and be completed in 21 months for the start of operation in early 2008. Skanska and the Brazilian construction company Camargo Correa, which specializes in pipeline construction, will conduct the project through the joint venture Gasoduto Amazonia Consortium. Skanska is already represented in Manaus, where Skanska Infrastructure Development is active as an owner and operator of the Breitener Energetica co-generation plant, which is operated as a Public Private Partnerships project. Skanska Latin America is one of the continent's leading construction companies and one of Skanska's most profitable units. Operations focus primarily on construction, operations and services for the international energy industry. In 2005, the company had about 10,000 employees and sales of about SEK 3.6 billion. This and previous releases can also be found at www.skanska.com Skanska is one of the world's leading construction groups with expertise in construction, development of commercial and residential projects and public-private partnerships Public-private partnership (PPP) describes a government service or private business venture which is funded and operated through a partnership of government and one or more private sector companies. These schemes are sometimes referred to as PPP or P3. . The Group currently has 54,000 employees in selected home markets in Europe, in the US and Latin America. Sales in 2005 totaled USD 17 billion. This information was brought to you by Waymaker http://www.waymaker.net |
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