Skanska wins 2.4 bln skr order from UK's Walsall Hospitals NHS Trust |
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Published
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Wed, 14 Nov 2007 14:05
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STOCKHOLM (Thomson Financial) - Skanska AB said it has won an order worth 174 mln stg, or 2.4 bln skr, from the UK's Walsall Hospitals NHS Trust to design, finance and extend facilities at the trust's Manor Hospital.The order will be included in Skanska's fourth-quarter bookings.Skanska will invest 110 mln skr in the project, which was placed under a UK Private Finance Initiative. The project company is co-owned by Innisfree with a 50 pct stake.Skanska has also signed a facilities management contract for the hospital worth 30 mln skr a year for 30 years.The company will book 60 mln skr of the facilities management contract to its fourth-quarter order bookings.Skanska said the signed deal provides it with a net cash flow of about 345 mln skr in the fourth quarter. It sees a fourth-quarter earnings impact of 40 mln skr.The redevelopment of Manor Hospital will include 40,000 square metres of new accommodation, and will take the total number of beds to 558.Construction is due to be completed by summer 2011.simon.richardson@thomson.comsjr/rwCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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