Skanska has been highly successful withregard to PFI/PPP hospital and school projects for many years
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Skanska has been highly successful withregard to PFI/PPP hospital and school projects for many years. Skanska also will be responsible for operation and maintenance duringthe contract period. During the first five years the project will involve replacing nearly 70,000streetlights and refurbishing and upgrading some 18,000 light poles. Existingyellow/orange lights will be replaced with more energy efficient white lightsources.
Following approval of the final contract by Surrey County Council, Skanska UKwill receive an order for the installation, refurbishment, operation andmaintenance of the lighting column stock across the County of Surrey. Thecontract is estimated to amount to approximately GBP 74 M, SEK 900 M. When thefinancing of the project is finalized, the construction contract will be signedand subsequently included in Skanska UK`s order bookings. The project is being carried out via a UK private finance initiative (PFI)program. This means that the Skanska-Laing consortium will be responsible forthe finance, design, build, operation and maintenance of the lighting networkfor 25 years, starting in January 2010. Skanska Infrastructure Development will invest approximately GBP 4.5 M, SEK 54M, during the project period, representing its 50 percent share of the specialpurpose company. Skanska ID will be responsible for the development andmanagement of the project together with its partner.
STOCKHOLM, Sweden--(Business Wire)--Regulatory News: Skanska and John Laing, through a preferred-bidder agreement, have been selectedto develop the street lighting network for the Surrey County Council in the UK. Les PaludsAvenue de Jouques13781 Aubagne Cedex Deadline date for informationTotal number of shares making upTotal number of voting rights the issued capital July 3rd, 2009 16,964,388Gross total of voting rights: 18,979,233Net total of voting rights: 18,979,233* Net total = total number of voting rights attached to shares - private sharevoting right Sartorius Stedim Biotech SAZ.I Les PaludsAvenue de Jouques, B.P. 105113781 Aubagne Cedex, Francet:+33.(0)4.42.84.56.00f:+33.(0)4.42.84.56 19 Business Wire 2009. AUBAGNE, France--(Business Wire)--Regulatory News: Sartorius Stedim Biotech SA (Paris:DIM): DECLARATION RELATIVE TOTHE NUMBER OF SHARES AND VOTING RIGHTSMAKING UP THE ISSUED CAPITALArticle L 233-8-II of the Code of commerceand article 222-12-5 of the general regulations of the AMF Designation of issuerSARTORIUS STEDIM BIOTECH SABP 1051Z I.
(Reporting by Jessica Mortimer; editing by David Stamp) Currencies China. China has been talking about diversification of theinternational currency system, and said it would be "normal" forthe issue to be raised at next week's G8 summit.[ID:nPEK137542]. The euro zone services PMI index was revised up to 44.7 inJune from the flash estimate of 44.5, though it still left thereading below May's 44.8 [ID:nLAG003581] With the U.S. jobs data out of the way, traders said focuswas shifting to the Group of Eight meeting on July 8-10. Data on Friday showed euro zone retail sales fell more thanexpected, dropping 0.4 percent during May for an annual declineof 3.3 percent [ID:nL3586161]. The euro had also come under selling pressure on Thursdayafter European Central Bank President Jean-Claude Trichet saidthat euro zone activity would probably remain weak for the restof the year. "The activity post the non-farm payrolls data may be thefirst sign that things are starting to run out of steam in termsof the currency play versus the dollar," BNP Paribas analyst IanStannard said.
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