Skanska to build foundation for transit hub in New York for USD 70 M, about SEK 560 M

Skanska to build foundation for transit hub in New York for USD 70 M, about SEK
560 M

Skanska has been contracted to construct the foundation for the Fulton Street
Transit Center in Lower Manhattan in New York. The contract amounts to USD 70 M,
about SEK 560 M, which is included in order bookings for the fourth quarter. The
customer is the New York City Transit Authority.

The Fulton Street Transit Center is a planned hub for a number of subway lines
within the Ground Zero area. Skanska will be responsible for the foundation work
for the new transit center.

The project involves laying a foundation platform 16 m (53 feet) below street
level. The project involves demolition of existing basements of buildings on the
site as well as underpinning of some of the buildings in the area. Extensive
excavation, piling and grouting work is required.

Work begins immediately and is scheduled for completion in 20 months.

This autumn, Skanska completed the Dey Street Concourse project, which is an
underground pedestrian system to link Fulton Street Transit Center with a number
of subway lines and PATH commuter train station in the area. Skanska is also
currently involved in construction of the PATH station. All projects are part of
the reconstruction program for the World Trade Center area on lower Manhattan.

Skanska USA Civil is focused on the construction of traffic infrastructure and
facilities for power, water and water treatment. The business unit has about
4,500 employees and operations in the eastern US, Colorado and California.
Skanska USA Civil's revenues amounted to about SEK 10.8 billion in 2007.


For further information please contact:

Karen Diemer, Communications Manager, Skanska USA Civil, 
tel +1 718 746 2785
Peter Gimbe, Press Officer, Skanska AB, tel +46 8 753 88 38.
Direct line for media: +46 8 753 88 99


This and previous releases can also be found at www.skanska.com

Skanska AB may be required to disclose the information provided herein pursuant
to the Securities Markets Act.

Skanska is one of the world's leading project development and construction
groups with expertise in construction, development of commercial and residential
projects and public-private partnerships. The Group currently has 60,000
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 2007 totaled SEK 139 billion.