| STOCKHOLM, Sweden - Sept. 27, 2001-- Beers,
one of Skanska's American subsidiaries, has been awarded a contract for
construction management services to build a $100 million, 28-story hotel
tower at the CNN Center in Atlanta, Georgia. Beers' contract is worth $61.2
million, approximately SEK 660 million. The order is included in the order
bookings for the second quarter of 2001.
The customer is a partnership between Omni Hotels, an American hotel
chain, and Turner Broadcasting System, an AOL Time Warner company.
 Beers
will be responsible for the construction management of the new hotel project.
The entire project is valued at $100 million and the construction contract
is for $72 million, of which Beers has 85 percent and Moody 15 percent.
The 525,000 square foot hotel, which is to be built adjacent to an
existing hotel at CNN Center in central Atlanta, will be the largest facility
in Omni's chain of hotels.
The hotel will have a stone curtain exterior and contain 600 rooms.
It will have several reception rooms, the largest being a 2,500 square
meter grand ballroom with floor-to-ceiling windows overlooking Centennial
Olympic Park, a central meeting place during the Atlanta Olympic Games
in 1996. Both Centennial Olympic Park and Philips Arena, which is also
connected to CNN Center, were built by Beers.
"It's an honor being selected to implement this first-class hotel project,
which will be a landmark hotel for a strategic, high-profile site," said
Jeff Cross, president of Beers' Corporate Commercial Group.
Construction is scheduled to begin in January 2002 and be completed
during the fourth quarter of 2003.
Beers is a leading construction-services company in Georgia and in
the southeastern United States. The Atlanta-based Beers' customers
include companies active in the aviation, healthcare, education, sports,
environment and manufacturing industries.
Skanska has a total order backlog in the US of SEK 106 billion (approximately
$10 billion). During the first six months of this year, the order backlog
increased 49 percent. Skanska's American operations have thereby secured
contracts that are equivalent to nearly two years of construction work.
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