Skanska to build railway in Norway

Solna, Sweden – Skanska has been contracted to build a new section of railway in Norway. The contract amount is NOK 498 M, about SEK 550 M, which is included in
order bookings for the first quarter of 2007. The customer is the Norwegian
National Rail Administration (Jernbaneverket).

The contract involves the new construction of a 2.8-kilometer section of
double track between Skøyen and Asker, west of Oslo. The project is one of
four sections of the new railway line between Lysaker and Sandvika.

Skanska’s assignment includes all work except track laying. Parts of the
new double-track will pass through tunnels.

Construction begins in March 2007 and is scheduled for completion in July 2011.

Skanska Norway is active in building construction and civil engineering
projects. The unit reported sales last year amounting to about SEK 10.6
billion, with some 4,300 employees. Skanska is also active in Norway in the
development of residential projects and in PPP projects.

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 USD 17 billion.

Auteur: Redactie Infrasite

Bron: Skanska AB