Skanska selected preferred bidder for one of Norway’s biggest road projects ever

The Norwegian Public Roads Administration (NPRA) has selected Skanska as preferred bidder for the first PPP-project in Norway in more than ten years. It is also the largest road contract ever awarded in Norway.The project involves constructing a new national road between Løten and Elverum in the county of Hedmark. The PPP-contract will be worth about NOK 5.5 billion, about SEK 5.5 billion, which includes construction, financing and operation/maintenance for 20 years. No order bookings or investments will be accounted for until financial close, which is expected to be in the second quarter