Veidekke ASA: To upgrade freight terminal in Drammen

The Norwegian National Rail Administration has awarded Veidekke Entreprenør the contract to upgrade the freight terminal at Holmen in Drammen. This is a construction contract valued at NOK 105 million, excluding VAT.

The majority of imported cars to the country arrive at Holmen freight terminal in Drammen, and in combination with other freight at the terminal, this constitutes significant traffic. At the same time, rail traffic on the line between Drammen and Asker has increased significantly in recent years. This makes it necessary to upgrade the terminal in order for traffic to avoid blocking the main line while also ensuring efficient freight handling.

The contract won by Veidekke includes renovating old tracks, laying approx. 2.6 kilometres of new tracks, building a railway bridge, carrying out foundation and concrete works and electrical work. Work is currently commencing, and will be finished by March 2016.

For press photos, see www.flickr.com/photos/veidekke, for more information, contact:
Project Manager Knut Lauvålien, tel.: +47 41 52 99 46, knut.lauvalien@veidekke.no
Project Manager Kjell Otnæs NNRA, tel.: +47 45 60 81 76, kjell.otnaes@jbv.no
Communications Manager Helge Dieset, tel.: +47 90 55 33 22, helge.dieset@veidekke.no

Veidekke is one of Scandinavia's largest contractors and property developers. The company undertakes all types of building and construction contracts, maintains roads and produces asphalt, crushed stone and gravel. The company is characterised by involvement and local knowledge. Revenue is almost NOK 24 billion (2014), and half of the 6,400 employees own shares in the company. Veidekke is listed on the Oslo Stock Exchange and has always posted a profit 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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