Skanska signs financing agreement for A1 motorway in Poland – construction contract amounts to EUR 570 M, SEK 6.2 billion, and investment to EUR 14 M, SEK 150 M

7/9/2009 12:33 PM CET
Press release

Skanska, as part of the concession company GTC, has closed the financing for the extension of the second phase of the A1 in Poland. The project is being conducted in a public-private partnership contract, PPP, in which GTC is responsible for financing, design, construction, operation and maintenance of the A1 motorway for 30 years, client is the Ministry of Infrastructure. This means that:

- Skanska has secured a construction contract amounting to about EUR 570 M, or about SEK 6.2 billion, which will be included in the order bookings for the third quarter.
- Skanska will gradually invest EUR 14 M, or about SEK 150 M, during the construction period, which corresponds to a 30 percent share of the project company, Gdañsk Transport Company, GTC.