Skanska to Renovate Hotel in Atlanta for USD 63 M, about SEK 470 M.STOCKHOLM, Sweden -- Skanska (STO:SKAB) has secured a construction management assignment to renovate a large hotel in downtown Atlanta Downtown Atlanta refers to the largest financial district for the city of Atlanta. As defined by the Central Atlanta Progress (CAP) organization, the area measures approximately 4 mi², and was home to 23,300 as of 2006. . The contract 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. 63 M, 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. 470 M, which will be included in order bookings for the third quarter. The project pertains to the hotel's public areas and conference space. It involves demolition and construction of a new lobby, meeting rooms and restaurants. The hotel's conference area will be expanded by about 3,700 square meters Noun 1. square meter - a centare is 1/100th of an are centare, square metre area unit, square measure - a system of units used to measure areas and a new 2,300-square-meter ballroom, with nine-meter floor-to-ceiling windows. Work began in August 2006 and will be carried out in two phases. The first will be concluded in June 2007 and the second in May 2008. The hotel will remain open during the entire construction period and work is being arranged so that the hotel guests are not inconvenienced. Skanska USA Building is a leading national and local provider of construction, pre-construction consulting, general contracting and design-build services. The company also provides pharmaceutical validation services to clients. Customers represent a broad range of US industries, including life sciences, healthcare, education, electronics, aviation, transportation as well as sports and entertainment. The company is headquartered in Parsippany, New Jersey, and has approximately 3,800 employees. The company reported revenues in 2005 of about SEK 30 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 Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. . Sales in 2005 totaled USD 17 billion. This information was brought to you by Waymaker http://www.waymaker.net |
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