Skanska awarded railway contract in Czech Republic worth CZK 942 M, about SEK 350 M

11/7/2011 3:45 PM CET
Press release

Skanska has been awarded a contract to modernize the railway junction in Plzen’s 3rd transit corridor, in the Czech Republic. The contract amounts to CZK 942 M, about SEK 350 M, which will be included in order bookings for the fourth quarter. Customer is the Czech Railway Infrastructure Administration (RIA).

Funds will be provided by the State Fund for Transportation Infrastructure and will be co-financed by the EU Cohesion Fund. The project will be completed by Skanska over the next two and a half years.

Skanska Czech Republic, which is the country’s leading construction company, had sales in 2010 of about SEK 10 billion. The company has 5,600 employees in the Czech Republic and Slovakia. Skanska is also active in the Czech Republic in the development of office buildings through Skanska Commercial Development Europe.