The E6 - Dovrebanen Joint Project today signed a contract with Veidekke Entreprenør and Hochtief Solutions for road and railway construction between Brøhaug and Strandlykkja alongside Lake Mjøsa. The value of the contract is NOK 1.568 billion excluding VAT.
In order to ensure integrated planning and development of the road and railway alongside Lake Mjøsa, the Norwegian Public Roads Administration and the National Rail Administration have established the E6-Dovrebanen Joint Project. A total of 21.5 km of four-lane motorway and 16.8 km of dual-track railway are to be built alongside Lake Mjøsa. This has been divided into three subsections. The contract for the middle section will be jointly carried out by Veidekke (60%) and Hochtief (40%). Based on the agreement with Hochtief, accounting will most likely be according to the equity method.
Among other things, the contract involves:
· Approx. 5.6 km four-lane E6 motorway, including the 2.3 km Morskog tunnel
· Approx. 6.8 km dual-track railway, including the 3.9 km Ulvin tunnel and the 200 metre Morstua tunnel
· 6 km Mjøstråkk (pedestrian and cycle path)
Work will commence in April. The new road will be completed in October 2014 and the new dual-track railway in the autumn of 2015.
For more information about the project: www.e6-dovrebanen.no/Prosjektet
For more information please contact:
Project Manager Nils Brødsjø, Veidekke Entreprenør, tel. +47 951 36 576, nils.brodsjo@veidekke.no
Communications Manager Helge Dieset, Veidekke ASA, tel. +47 21 05 77 91 / +47 90 55 33 22, helge.dieset@veidekke.no
Construction Manager Elin Hermanstad Havik, the E6-Dovrebanen Joint Project, tel. +47 48 11 85 40, eliher@vegvesen.no
Veidekke is one of Scandinavia's largest contractors with 6,100 employees and a turnover of NOK 18 billion (2011). Activities include building and construction projects, residential developments, asphalt plants, aggregates and road maintenance. Our values are professional, honest, enthusiastic and pioneering. Our goals for health, safety and the environment, HSE, have equal status with our financial goals. Veidekke is characterized by a decentralized organizational model with a strong corporate culture and a high degree of employee involvement. Over half the employees are co-owners, holding 20 % of Veidekke's shares between them. The company is listed on the Oslo Stock Exchange and has never declared a loss since it was founded in 1936.
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)