Skanska's Board of Directors is to propose an incentive program for the company's 300 senior executives. The aim of the program is to keep key executives at Skanska and would provide a maximum 30-percent addition to an executive's fixed annual salary.
The bonus would take the form of B shares, distributed three years after being earned, provided the employee remained with Skandia.
It is proposed that the program apply for the period 2005-2007 with payment in 2009-2011. A top limit of 120 million kronor per annum would be set for bonus payments.
The proposal will be taken up at the Annual General Meeting April 7.
A consortium led by Swedish construction company Skanska has been picked for a $3.6 billion (30.5 billion kronor) project to modernize New York's LaGuardia Airport, regional transport officials have announced.
The contract is the largest in Skanska's history and follows the group also winning the contract to build the Metlife Stadium, where the American football teams New York Jets and New York Giants play.
The Skanska team, called LaGuardia Gateway Partners, was tapped by the Port Authority of New York and New Jersey to demolish the existing central LaGuardia terminal and build and maintain a replacement.
They beat out a competing bid by a team that included major rivals Aeroports de Paris, Goldman Sachs and the architecture firm Kohn Pedersen Fox.
Other members of the consortium are Walsh Construction, Vantage Airport Group, which manages nine airports around the world, Meridiam, Parsons Brinckerhoff, and HOK, the global architecture group.
Located in the borough of Queens, LaGuardia is one of three major airports serving the New York City region. Port Authority officials described the upgrade as necessary for New York to compete effectively with Tokyo and other global centers.
They said partners in the Skanska consortium have worked on more than 350 aviation and transport projects, including the John F. Kennedy Airport in New York and at international airports in Boston and Los Angeles.
Transport officials said the upgraded airport would replace a facility that currently suffers from overcrowding. Construction is scheduled to begin in the first quarter of 2016.
Several airlines fly between Sweden and New York, with budget carrier Norwegian launching a no-frills service in 2013.
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