Veidekke: New road maintenance contracts worth NOK 1.6 billion

In the course of the spring Veidekke has entered into four new contracts for road maintenance of national and county roads. The contracts have a duration of five years plus options for extensions, and an overall contract value of NOK 1.611 billion excluding VAT (without options).

“We are very pleased with the results in this year's tender round, and especially proud to have won our largest contract to date of more than NOK 800 million with the Norwegian Public Roads Administration in tough competition with five other players. We are now looking forward to taking over responsibility for the new contracts in September. We will do what we can together with our clients to ensure that road users experience good and safe driving conditions both in summer and winter on our 24 contracts from Finnmark in the north to Agder in the south,” says Kjell Otto Bragstad, director of Veidekke Drift og Vedlikehold.

The new contracts enter into force on 1 September. At that point Veidekke will have responsibility for road maintenance of 11,100 kilometres of national and county roads annual revenues totalling around NOK 1.7 billion excluding VAT.

“We have won the contracts in the wake of good processes with thorough risk assessments that provide us with a good basis to carry out the required work while also ensuring a healthy economic situation in the operations,” Bragstad concludes.

The road maintenance contracts include routine operational tasks and minor maintenance tasks on the road network (including pedestrian and cycle paths) to ensure safe and efficient traffic and maintain the roads to ensure the desired service life. In practice this means clearing, gritting, salting, tunnels and sign cleaning, maintaining landscape areas, clearing ditches and drains, cleaning roads and rest areas and emergency preparedness in the event of accidents and extreme weather conditions.

The first three contracts totaling NOK 1,312 million were included in Veidekke's order backlog for the first quarter, while the contract of NOK 299 million is included in the order backlog for the second quarter of 2023.

For further information, please contact:
Kjell Otto Bragstad, Director of Road Maintenance, tel. +47 977 47 097, kjell-otto.bragstad@veidekke.no
Helge Dieset, Communications Manager of Veidekke, tel. +47 90 55 33 22, helge.dieset@veidekke.no 

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Veidekke  is one of Scandinavia’s largest contractors. In addition to undertaking all types of building and civil engineering assignments, the group also maintains roads and produces asphalt and aggregates. Veidekke emphasises stakeholder involvement and local experience. Annual turnover is approx. NOK 39 billion, and almost half of its 8,000 employees own shares in the company. Veidekke is listed on the Oslo Stock Exchange and has posted a profit every year since its inception in 1936.