NRC Group ASA - Exercise of contract option
The Swedish Transport Administration has decided to exercise the option on a frame agreement in the regions South, East, West and North in Stockholm with Svensk Järnvägsteknik AB, a company wholly owned by NRC Group ASA.
The option involve rail services such as groundwork, track, electro and signal/telecom and will commence in October 2017. The project is scheduled for completion in December 2018.
The estimated total value of the frame agreement is approximately SEK 30 million.
Oslo, 17. October 2017.
For further information, please contact: Øivind Horpestad, CEO of NRC Group, +47 910 00 626.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.