Skanska Builds Hospital In Seattle For USD 114 M, About SEK 730 M

Main Category: Public Health
Article Date: 15 Feb 2008 - 4:00 PDT

email to a friend   printer friendly   view / write opinions   rate article

Skanska (STO:SKAB) has been awarded the construction management contract for an addition to the Virginia Mason Medical Center in Seattle, Washington, in the US. The contract amounts to USD 114 M, about SEK 730 M, which is included in order bookings for the first quarter. The customer is the Virginia Mason Medical Center.

The new 23,000-square-meter hospital building will include an emergency department as well as operating rooms and intensive care units. The project also involves a new lobby entrance, central utility plant and connections to the existing hospital adjacent to the addition.

Construction starts immediately and is scheduled for completion in May 2010.

Skanska USA Building is a leading U.S. provider of construction, general contracting, design and design-build services. The company also provides pharmaceutical validation services to clients. Customers represent a broad spectrum of American industries, including the pharmaceutical, healthcare, educational, electronics, infrastructure, sports and entertainment industries. The company is based in Parsippany, New Jersey and has approximately 3,900 employees. Revenues totaled approximately SEK 27 billion in 2007.

This and previous releases can also be found at http://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 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.

http://www.skanska.com