Skanska builds the bypass I/12 near Prague, Czechia, for CZK 3.8 billion, about SEK 1.7 billion

Rhea-AI Summary

Skanska (SKBSY) has secured a contract worth CZK 3.8 billion (SEK 1.7 billion) from the National Highway Authority of the Czech Republic to construct the bypass I/12 near Prague. The project, named "I/12 Běchovice-Úvaly," involves building a 12.6-kilometer four-lane road featuring 23 bridges and six multi-level crossings.

The construction will begin in July 2025 with completion scheduled for the end of 2027. This bypass aims to improve traffic flow and safety by redirecting transit traffic away from populated areas in eastern Prague, thereby reducing environmental impact and resident disruption. The contract value will be included in Skanska's European order bookings for Q2 2025.

Positive

• Secured significant contract worth CZK 3.8 billion (SEK 1.7 billion)
• Project adds to order bookings for Q2 2025, strengthening revenue pipeline
• Large-scale infrastructure project demonstrates Skanska's strong market position in Europe

Negative

• None.

News Market Reaction – SKBSY

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-1.30% News Effect

On the day this news was published, SKBSY declined 1.30%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

STOCKHOLM, May 22, 2025 /PRNewswire/ -- Skanska has signed a contract with National Highway Authority of the Czech Republic to build the bypass I/12 near Prague, Czechia. The contract is worth CZK 3.8 billion, about SEK 1.7 billion, which will be included in the order bookings for Europe for the second quarter of 2025.

The project "I/12 Běchovice-Úvaly" will create a safe and high-capacity 12.6 kilometer, four-lane road, including 23 bridges and six multi-level crossings.

This new bypass of the districts in the east of Prague will help the flow and safety by diverting transit traffic away from populated areas. Inside populated areas, this will reduce the burden on the environment and residents.

Work will start in July 2025 and the completion is scheduled for end of 2027.

For further information please contact:
Ondřej Šuch, Head of External Affairs, Skanska Central Europe, tel +420 725 628 760
Andreas Joons, Press Officer, Skanska Group, tel +46 (0)10 449 04 94

Direct line for media, tel +46 (0)10 448 88 99

This and previous releases can also be found at www.skanska.com.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/skanska/r/skanska-builds-the-bypass-i-12-near-prague--czechia--for-czk-3-8-billion--about-sek-1-7-billion,c4153855

The following files are available for download:

https://mb.cision.com/Main/95/4153855/3463211.pdf	20250522 CZ bypass Prague
https://news.cision.com/skanska/i/image-bechovice-uvaly,c3411727	Image Bechovice Uvaly

 

FAQ

What is the value of Skanska's (SKBSY) new bypass contract in Prague?

The bypass contract is worth CZK 3.8 billion (approximately SEK 1.7 billion).

When will Skanska begin construction of the Prague I/12 bypass project?

Construction will begin in July 2025 and is scheduled for completion by the end of 2027.

What is the scope of Skanska's I/12 bypass project near Prague?

The project includes building a 12.6-kilometer four-lane road with 23 bridges and six multi-level crossings.

How will the I/12 bypass project impact Prague's eastern districts?

The bypass will improve traffic flow and safety by diverting transit traffic away from populated areas, reducing environmental impact and resident disruption.