Skanska to Update Railway in Prague for SEK 420 M.STOCKHOLM, Sweden -- Skanska (STO:SKAB) has been contracted to upgrade a railway section for high-speed trains in Prague. The contract amounts to CZK CZK In currencies, this is the abbreviation for the Czech Koruna. 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. 2 billion, 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. 654 M. Skanska's share of the project is 64 percent, corresponding to about SEK 420 M. The order amount is included in order bookings for the third quarter. The customer is the national rail authority. The project is being financed through the government fund for the transportation infrastructure. The assignment involves about a nine-kilometer stretch that is to be upgraded for high-speed trains and connected with the new rail link that Skanska is building in Prague under an earlier contract. The current project includes upgrading of two existing tracks and construction of a new third track. In addition, the project includes renovation of a number of bridges and building noise protection along the stretch of railway. Work began in September and is scheduled to continue for three years. Skanska is managing the project, which is being carried out in a consortium with the Vinci subsidiary SSE'. Skanska Czech Republic Czech Republic, Czech Česká Republika (2005 est. pop. 10,241,000), republic, 29,677 sq mi (78,864 sq km), central Europe. It is bordered by Slovakia on the east, Austria on the south, Germany on the west, and Poland on the north. , which is the largest construction company in the Czech Republic, posted sales of about SEK 10 billion in 2005. The company has about 7,000 employees. The company's largest current projects include expansion of the subway and railways in Prague and a new head office for the Czech bank yiSOB. 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 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. 17 billion. This information was brought to you by Waymaker http://www.waymaker.net |
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