Veidekke: Selected to execute the Fornebubanen Majorstuen–Skøyen tunnel contract

Veidekke has been selected to carry out tunneling and foundation work for the Majorstuen–Skøyen section of Fornebubanen. The contract value is estimated at just under NOK 1.4 billion.

The contract will be signed after expiry of the mandatory waiting period on 25 June 2023.

Construction on the Majorstuen–Skøyen section will start in August/September 2023 and is scheduled to be completed in Q1 2027. The contract comprises tunneling and foundation work on the stretch from Volvat to Skøyen station, and an access tunnel to Madserud from which rock masses will be transported.

Veidekke is currently carrying out similar work on the Lysaker–Vækerø section of Fornebubanen.

For more information, contact:
Jørgen Wiese Porsmyr, CFO, ph. +47 907 59 058

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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. Its annual turnover is approximately NOK 39 billion, and 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.