NRC GROUP ASA - APPOINTED TO A MAJOR CONTRACT IN SWEDEN - SEK 700 MILLION
Trafikverket in Sweden has appointed Segermo Entreprenad AB, a company wholly owned by NRC Group ASA (NRC Group), to a contract for ground related work in connection with the building of Station Haga in Gothenburg.
Station Haga is part of the major West Link Project in Sweden, and is a railway connection in a tunnel under the center of Gothenburg. The tunnel will connect commuter rail services to routes that pass through the city, and give rise to three new stations in Gothenburg.
The contract is appointed to a joint venture together with Astaldi which is one of Italy's leading contractors and one of the top 25 in Europe in the construction segment, and with Gülermak, which is a leading Turkish contractor.
The contract for NRC Group is valued at approximately SEK 700 million and is the largest contract awarded to NRC Group to date. The work will commence in Q1 2018.
"We are pleased to inform that NRC Group has been chosen by Trafikverket together with Astaldi and Gülermak which is two major contractors in the European construction segment. The contract is a significant milestone for NRC Group and recognition of our core
competence, and we appreciate the trust shown in us and look forward to executing this exciting project for Trafikverket", says Øivind Horpestad, CEO of NRC Group ASA and Daniel Pettersson, Managing Director NRC Sweden.
Closing date for submission of complaints is 10 days from today, and formal contractual signing can take place after this period at the earliest.
For further information, please contact:
- Øivind Horpestad, Chief Executive Officer, NRC Group ASA on tel: +47 91 00 06 26
- Daniel Pettersson, Managing Director, NRC Sweden on tel: + 46 72 544 50 50
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
About NRC Group:
NRC Group is a leading contractor within railway infrastructure in Norway and Sweden. The company is a supplier of all track-related infrastructure services, including groundworks, specialized track work, safety, electro, telecom- and signalling systems. The company works within rail, metro, tram segments and close related infrastructure. NRC Group has experienced significant growth since its inception in 2011 and has a vision of becoming the leading Nordic entrepreneur within railway infrastructure. For more