Veidekke ASA 357 0 Kommentare Veidekke wins Norway's biggest road contract

The Norwegian Public Roads Administration (NPRA) has awarded Veidekke Entreprenør the contract to build the new connection on the E 39 road between Svegatjørn in Os municipality and Fanavegen in Bergen municipality. The value of the contract is close to NOK 2.3 billion excluding VAT.

The section Veidekke will build is approx. 12.7 kilometres in length. The contract entails building two two-bore tunnels (the Skogafjell tunnel which is 1.5 kilometres in length and the Lyshorn tunnel of 9.2 kilometres in length) and two kilometres of four lane open air road. The contract also includes building two intersections with flyovers, one 1.7 kilometre water tunnel, bridges, portals and supporting walls and an extensive water and drainage facility.

"We are very pleased with the confidence the NPRA has shown in us, and that we won the competition for this contract. Together we will implement this project in the best possible manner, with emphasis on HSE, the external environment and quality," says project manager Trygve Slåke of Veidekke.

Veidekke received the award letter for the contract from the NPRA on 19 June. The appeal deadline for awarding the contract has now expired with no appeals being lodged. Due to the holidays, the contract will not be signed until week 34.

The works will commence in October 2015 and completion is planned for August 2020. The contract is included in Veidekke's order backlog for Q2.

For press photos, see www.flickr.com/photos/veidekke, for more information, contact:
Project manager Trygve Slåke of Veidekke, tel.: +47 91 80 83 90, trygve.slake@veidekke.no
Acting project manager Mads S Eriksen, NPRA, tel.: +47 48 15 83 06, mads.solberg.eriksen@vegvesen.no
Communications Manager Helge Dieset of Veidekke, tel.: +47 90 55 33 22, helge.dieset@veidekke.no

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Veidekke is one of Scandinavia's largest construction and property development companies. The company undertakes all types of construction and civil engineering contracts, maintains roads, and produces asphalt and aggregates. The company is characterised by involvement and local knowledge. Turnover is NOK 24 billion (2014), and half of the 6,400 employees own shares in the company. Veidekke is listed on the Oslo Stock Exchange and has always posted a profit since it was founded in 1936.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
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Source: Veidekke ASA via Globenewswire

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