NCC receives Faeroe Island order worth SEK 180 million

NCC receives Faeroe Island order worth SEK 180 million NCC has received an order to build an approximately five-kilometer long tunnel under the Vestmannasund Straits, in the Faeroe Islands. The contract is worth about SEK 180 million. The Vagar Tunnel, which will be the Faeroe Islands' longest tunnel to date and also the region's first underwater tunnel, will be 10.5 meters wide and 105 meters under sea level. The tunnel will connect the island of Vagar, the site of the Faeroe Islands' only airport, with the island of Streymoy, where the capital city Thorshavn is situated. Travel time from Thorshavn to the airport and a large number of other locations on the Faeroe Islands will be reduced by more than an hour when the new tunnel is put into service. The project will be undertaken by NCC Tunneling, NCC's specialist unit for underground engineering contracts, in a consortium with NCC subsidiaries in Denmark and Norway. NCC Tunneling, which was formed recently following NCC's acquisition of Statkraft Anlegg AS of Norway, has wide-ranging international operations and leading-edge expertise in such fields as TBM (tunnel boring machines). For further information, please contact: Frank Nilsen, Project leader or Svein Erik Kristiansen, Construction leader, Tel: +298 42 14 10 (Faeroe Islands) or Arnfinn Hadersen, Administrative Director, NCC Tunneling AS Tel: +47 67 12 16 38 All NCC:s pressreleases can be found on www.ncc.se ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2000/08/29/20000829BIT00600/bit0001.doc http://www.bit.se/bitonline/2000/08/29/20000829BIT00600/bit0002.pdf