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Skanska to construct hospital in Louisiana for USD 470 M, about SEK 3 billion

Skanska and their joint venture partner MAPP Construction have secured
the assignment to construct phase one of the new University Medical
Center in New Orleans for the State of Louisiana. The contract amounts
to USD 522 M. Skanska’s share of the project is 90 percent, which
amounts to USD 470 M, about SEK 3 billion. The order will be included in
the bookings for USA Building in the fourth quarter of 2011.
 
The University Medical Center will be a new, state-of-the-art academic
Medical Care Campus. Major project components of the phase one contract
include:
 
-       52 000 square-meters, 424-bed in-patient hospital towers
 
-       An adjoining 70 000 square-meters  diagnostic and treatment
center
 
-       150 000 square meters of associated site work including
utility/infrastructure installation, lighting, roadways and parking.
 
Work has started and the hospital is expected to open in February 2015.
 
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 Commercial
Development, which develops commercial development projects in select
U.S. markets. Headquartered in New York, Skanska USA has approximately
7,400 employees and its 2010 revenues were SEK 34.3 billion.
 
For further information please contact:
 
Jessica Murray, Senior Director, Communications, Skanska, tel +1 404 946
7468
 
Edvard Lind, Group Press Officer, Skanska AB, tel: +46 (0)10-448 88 08.
 
Direct line for media: tel: +46 (0)10-448 88 99.
 
This and previous releases can also be found at
www.skanska.com (http://www.skanska.com/)
seattle property management