Veidekke signed new classified road 2 contract

Today Veidekke Entreprenør AS signed a contract with the Norwegian Public Roads Administration to build a 9.6 km stretch of classified road 2 between Kongsvinger and Slomarka. The value of the contract is NOK 566 million excluding VAT.

Classified road 2 is to be upgraded to a four-lane road between Kløfta and Kongsvinger. The new contract comprises building a 9,620 m stretch of road between Slomarka and Fulu in Sør-Odal municipality. This is the second major contract Veidekke has won for classified road 2 in the area: In August last year the company was awarded the contract to build the 4.6 km section between Kurudsand and Gulli in Kongsvinger municipality.

The new stretch will take a new route next to the current classified road 2. The project comprises a four-lane road with a width of 16.5 metres, including a central reserve with barrier and shoulders. The road includes three bridges 70, 40 and 20 metres in length respectively, and four flyovers approx. 50 metres in length. The new road project also includes two two-level intersections with park and ride parking; one at the Slomarka intersection and one at the Leikvang intersection (Sander).

Construction start for the main work is planned for August, and work is to be completed in September 2014.

More information on development of classified road 2: http://www.vegvesen.no/Vegprosjekter/Rv2

 

For more information please contact:
Project Manager Torgeir Øvstebø, Veidekke Entreprenør AS, tel. +47 95 13 66 09, torgeir.ovstebo@veidekke.no
Communications Manager Helge Dieset, Veidekke ASA, tel. +47 90 55 33 22, helge.dieset@veidekke.no
Project Manager Geir Jensen, Norwegian Public Roads Administration, tel. +47 94 15 15 34, geir.jensen@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, gravel and 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 more than 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 pursuant to section 5-12 of the Norwegian Securities Trading Act.

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Highway illustration pdf