NRC Group ASA - Appointed to a track renewal contract in Sweden - SEK 173 million
The Swedish Transport Administration has appointed NRC Sverige AB, a company wholly owned by NRC Group ASA, to a contract for track renewal on the connection between Älmhult - Olofström in Sweden.
The contract is valued at approximately SEK 173 million, and will involve rail services such as track, electro, signal/telecom and groundwork.
The initial phase of the project will commence in March 2019, and the main part of the project will be executed in the period 2020 to 2021.
Closing date for submission of complaints is 10 days from today, and formal contractual signing can take place after this period at the earliest.
This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.
About NRC Group
NRC Group is the largest rail infrastructure entrepreneur in the Nordic region, with strong presence in Norway, Sweden and Finland. The company is a turnkey supplier of all rail related services, in addition to providing services to any transport related infrastructure such as roads, harbours, bridges and tunnels. The services include design, groundwork, trackwork, safety, electro, telecom and signalling systems, and environmental services such as decommissioning and reclamation.
NRC Group has experienced significant growth since its inception in 2011 and is today the leading entrepreneur within rail infrastructure in the Nordics. The company has regional offices throughout Norway, Sweden and Finland and is headquartered at Lysaker, nearby Oslo, In Norway. The group has a revenue of approximately NOK 6 billion and approximately 2,450 employees. NRC Group is listed on the Oslo Stock Exchange under ticker “NRC”. The company’s chief executive officer is Øivind Horpestad.
For further information, visit www.nrcgroup.com