Skanska wins USD594m environmental contract in New York

Nordic Business Report,  June 11, 2008  

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NORDIC BUSINESS REPORT-11 June 2008-Skanska wins USD594m environmental contract in New York(C)1994-2008 M2 COMMUNICATIONS LTD http://www.m2.com

Swedish construction group Skanska (OMX Stockholm:SKA B) said on Wednesday (11 June) that its US unit Skanska USA Civil has won a third contract in connection with a project to upgrade the Newtown Creek wastewater treatment facility in New York.

The new contract covers demolition of existing facilities and reconstruction of new units at the Newtown Creek Water Pollution Control Plant in Brooklyn and represents the final phase of the upgrading project.

The new contract is valued at USD431m.

Skanska, headquartered in Stockholm, Sweden, is one of the world's leading construction groups with operations in Europe, the US and Latin America. The company has some 60,000 employees and reported sales of SEK139bn in 2007.

One British pound (GBP) is worth approximately 1.96 US dollars (USD). One British pound (GBP) is worth approximately 11.68 Swedish kronor (SEK).

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