Veidekke: New road maintenance contracts worth NOK 605 million

In the course of the spring Veidekke has entered into four new contracts for road maintenance of county roads in inner Agder and southern Sunnmøre. The contracts have a duration of five years plus options for extension. The total contracts value is NOK 605 million excluding VAT.

“We’re pleased with the results of this year’s tender round and look forward to taking over responsibility in the new contracts in September. In partnership with our commissioning parties we will do what we can 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 approximately 11,000 kilometres of national and county roads with annual revenues totalling around NOK 1.8 billion excluding VAT.

“We have won the new contracts after good processes with thorough risk analyses, which will ensure good implementation capacity and healthy finances in the activities. In addition, there are currently ongoing negotiations on exercising options to extend several of our existing contracts,” 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 contract of NOK 235 million was included in Veidekke’s order book for the first quarter and the NOK 370 million for the second quarter of 2024.

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 43 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.