Skanska scores Czech road-building package
Skanska has been awarded the contract to construct a section of the R35 highway in the Czech Republic. The package is worth US $80 million (SEK550 million)
Skanska has been awarded the contract to construct a section of the R35 highway in the Czech Republic. The package is worth US $80 million (SEK550 million).
The client is the national highway administration and the project is being financed through the government transport infrastructure fund.
The contract involves a 6km, four-lane stretch of the R35 highway in eastern Czech Republic. The project includes 17 highway bridges and a major traffic interchange.
Work is expected to begin immediately and is scheduled to be completed in 2010.
Skanska also recently received an assignment to manage an expansion phase of the D1 highway near Brno. The company’s portion of this contract amounts to $42 million.
Skanska Czech Republic, which is the largest construction company in the country, posted sales of $1.4 billion in 2005.
The company has around 7,300 employees. Its largest current projects include the expansion of the subway and railways in Prague and a new head office for the Czech bank CSOB.
Other projects in Prague include office and residential buildings, roads and subways. The company was also involved in restoring the city’s rich architectural heritage.
One of its projects, the MUZO office building in Prague’s Strašnice district, was recognised as ‘Best project of 2000’.
Skanska Czech Republic was also one of the group’s most profitable business units in 2005.