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05/05/2010

Skanska Selected To Construct University Hospital

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Skanska, in a consortium with the UK investment fund Innisfree, has been chosen, through an allocation decision by Stockholm County Council, to develop and construct the new university hospital, New Karolinska Solna (NKS) in Solna.

The project is the first in health and medical care in Sweden to be conducted as a Public-Private Partnership (PPP). This means that the consortium, in which Skanska and Innisfree each own 50 percent, will be responsible for financing, construction, operation and maintenance of the new hospital until 2040. As previously, all care in the new hospital will be conducted by the Stockholm County.

Skanska's investment in the project company is estimated at approximately SEK 650 M. The assignment to design and construct the new hospital amounts to about SEK 14.5 billion and will be included in order bookings when the allocation decision takes force and the final financing agreement has been signed. This is expected to occur in the second quarter 2010.

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"This is a big day. With the New Karolinska in Solna, we are taking a giant leap into the future of healthcare. We have signed a long-term contract that minimizes the risk of delays and additional expenses for the tax payers," said Catharina Elmsäter-Svärd, Chairman of the Board (Moderate Party) and Finance Commissioner, Stockholm County Council.

New Karolinska Solna will be a completely new and ultramodern university hospital that can meet the demands of the healthcare and research of the future. The hospital is designed with a focus on the patient and is based on research, evidence-based design, to reduce the spread of infection and promote rapid recovery.

All patients will have individual rooms, which improve security and integrity, and transports in the hospital will be efficiency-enhanced through driverless trucks.

The proposal for the new hospital is based on the basic design developed by White Arkitekter and now further developed by Tengbom. Operation and maintenance in the form of property and workplace services will be provided by Coor Service Management.

(CD/GK)

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