Veidekke ASA : Veidekke to build operations base for Sporveien
Today, Veidekke Entreprenør has signed a contract with Sporveien for the construction of a new operations base by Avløs station in Bærum. This will be a turnkey contract valued at NOK 298 million, excluding VAT.
The contract involves renovating the existing tram depot and expanding it eastwards, and building three new depots in concrete and steel totalling about 16,000 m2. Various construction work will also be carried out along the tracks and the areas surrounding the depots will be improved.
This is the last big contract being awarded in connection with the upgrade of the Kolsås line between Smestad and Kolsås. Veidekke has previously built stations and completed groundwork from Ullern to Åsjordet, by Gjønnes and from Hauger to Kolsås (currently ongoing). Additionally, Veidekke has completed several smaller construction contracts on the Kolsås line during the past six to seven years.
Construction will start in October, with work completed in April 2015.
For more information please contact:
Project Manager Jan Arnold Hanssen in Veidekke, tel. +47 91 12 83 64, jan-arnold.hanssen@veidekke.no
Project Manager Arnt Jørstad in Sporveien, tel. +47 90 17 05 32, arnt.jorstad@sporveien.com
Communications Manager Helge Dieset, Veidekke ASA, tel. +47 21 05 77 91 / +47 90 55 33 22, helge.dieset@veidekke.no
Veidekke is one of Scandinavia's leading contractors and property developers with a turnover of NOK 20 billion (2012) and 6,300 employees. Activities include building and construction projects, residential developments, asphalt plants, gravel and aggregates, and road services. Our values are professional, honest, enthusiastic and ground-breaking. Our goals for health, safety and the environment, HSE, have equal status with our financial goals. Veidekke is characterised by a strong corporate culture with employee involvement and co-ownership as important cornerstones. More than half of the employees are co-owners, holding around 20 per cent of the Group's shares between them. The company is listed on the Oslo Stock Exchange and has always posted a profit since it was founded in 1936.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.