The Norwegian Public Roads Administration has nominated Veidekke to build the
second phase of the E134 Oslofjordforbindelsen road and tunnel project.
Following negotiations, Veidekke's offer was assessed as the best based on the
tender criteria of price, quality and environmental performance.
The project involves expanding the existing road from two to four lanes along
the 14-kilometre stretch between the municipalities of Frogn and Asker in
Akershus county, including construction of a new bore for the Oslofjord tunnel.
The contract is valued at approximately NOK 5.4 billion excluding VAT, with an
estimated construction period of seven years.
The standstill period expires on 27 March 2026, after which the contract will be
signed.
For further information, please contact:
Jørgen Wiese Porsmyr, CFO, ph. +47?907 59 058, jorgen.wiese-porsmyr@veidekke.no
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Veidekke (http://www.veidekke.com/) is one of Scandinavia's largest contractors.
In addition to undertaking all types of building and civil engineering
assignments, the group also maintains roads and produces asphalt and aggregates.
Veidekke emphasises stakeholder involvement and local experience. Its annual
turnover is approximately NOK 43 billion, and half of its 8,000 employees own
shares in the company. Veidekke is listed on the Oslo Stock Exchange and has
posted a profit every year since its inception in 1936.