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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 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 each comprising 5,800 square meters.

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

This is the type of information that Skanska AB may be obligated 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. The Group currently has 56,000 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 2006 totaled SEK 126 billion.

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Publication:Business Wire
Date:Oct 9, 2007
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