Skanska renovates and expands University hospital in Virginia, USA, for USD 42M, about SEK 350M

Regulatory News:

Skanska (STO:SKAB) has signed a contract with University of Virginia to renovate and expand the current University hospital in Virginia, USA. The contract is worth USD 42M, about SEK 350M, which will be included in the order bookings for Skanska USA Building in the third quarter 2016.

The contract consists of early site work, utility relocations and installing the building foundation system. The entire multi-phased hospital expansion and renovation project is slated for completion in December 2020. 

Construction services began in the June 2015 and this phase of the project is expected to be complete in September 2017.

Skanska USA is one of the leading development and construction companies in the country, consisting of four business units: Skanska USA Building, which specializes in building construction; Skanska USA Civil, specialized in civil infrastructure; Skanska Infrastructure Development, which develops public-private partnerships; and Skanska USA Commercial Development, which develops commercial projects in select U.S. markets. Headquartered in New York, Skanska USA has more than 10,000 employees and its 2015 revenues were SEK 54.5 billion.

The information provided herein is such as Skanska AB is obligated to disclose pursuant to the EU market securities act (EU) no. 596/2014.

Skanska is one of the world’s leading construction and project development companies, focused on selected home markets in the Nordic region, other European countries and North America. Supported by global trends in urbanization and demographics, and by being at the forefront in sustainability, Skanska offers competitive solutions for both simple and the most complex assignments, helping to build a sustainable future for customers and communities. The Group currently has 43,100 employees in selected home markets in Europe and North America. Skanska's sales in 2015 totaled SEK 155 billion.

This information was brought to you by Cision http://news.cision.com

View source version on businesswire.com: http://www.businesswire.com/news/home/20160915006705/en/