Veidekke: Nominated to win Fornebu Line contract

The Fornebu Line has nominated Veidekke to execute tunnel and ground construction work on the Lysaker to Vækerø stretch of the rail line. The contract has an estimated value of NOK 1.145 billion excl. VAT. Following negotiations, Veidekke was assessed to have submitted the best offer based on the award criteria of price, quality and environmental aspects.

In light of recent increases in the cost forecasts for the Fornebu Line, the date for when the contract can be entered into is yet to be ascertained. Hence, while the tunnel contract Lysaker – Vækerø has now been awarded, a possible signing of the contract will be carried out later.

For more information, contact:
Jørgen Wiese Porsmyr, CFO, ph. +47 907 59 058,

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Veidekke 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 38 billion, and half of its 7,800 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.