Skanska to Construct Detention Centers at Kumla, Hall and Saltvik Valued At SEK 420 M.STOCKHOLM, Sweden -- Regulatory News: Skanska (STO:SKAB) has been contracted to extend the Swedish Prison and Probation Service's facilities at Kumla, Hall and Saltvik in Harnosand, Sweden. The contract is valued at approximately 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. 420 M, of which SEK 290 M will be included in order bookings for the third quarter of 2007 and SEK 130 M in the fourth quarter. The customer is Specialfastigheter Sverige AB. The project relates to three new detention centers A detention center or a detention centre is any location used for detention. Specifically, it can mean:
centare, square metre area unit, square measure - a system of units used to measure areas . Entirely new buildings will be constructed at the three institutions, each with space for 24 intakes divided into four centers. The new units will function as a type of "prison in prison" with an extremely high safety level. "We are pleased and proud to have been entrusted with the task of implementing this unique project. It imposes particularly high demands on quality, safety and our ability to coordinate three identical projects in three different locations," says Piero Sannicolo, District Manager at Skanska Sweden. The projects at Kumla and Hall were initiated during the third quarter of 2007. The detention center at Kumla is scheduled for completion at the end of November 2008, while that in Hall is scheduled to be put into operation in March 2009. Construction on the Saltvik center is planned to commence in February 2008 with June 2009 set as the completion date. This and previous releases can also be found at www.skanska.com This is the type of information that Skanska AB may be obligated ob·li·gate tr.v. ob·li·gat·ed, ob·li·gat·ing, ob·li·gates 1. To bind, compel, or constrain by a social, legal, or moral tie. See Synonyms at force. 2. To cause to be grateful or indebted; oblige. to disclose in accordance with the Swedish Securities Exchange and Clearing Operations Act and/or the Financial Instruments Trading Act. 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 56,000 employees in selected home markets in Europe, in the US and 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. . Headquartered in Stockholm, Sweden and listed on the Stockholm Stock Exchange The Stockholm Stock Exchange (Swedish: Stockholmsbörsen) is a stock exchange located in Stockholm, Sweden. Founded in 1863 [1] it is the primary securities exchange of the Nordic Countries. , Skanska's sales in 2006 totaled SEK 126 billion. This information was brought to you by Cision http://newsroom.cision.com |
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