Veidekke ASA : Veidekke to build tunnel on county road 7 in Granvin
Veidekke Entreprenør has entered into a contract with the Norwegian Public Roads Administration to build a tunnel and a new landslide-safe road past Haukanesberget on county road 7 in Granvin municipality. This will be a turnkey contract valued at NOK 191 million, excluding VAT.
County road 7 past Haukanesberget west of the centre of Granvin is the most landslide-prone road in Hordaland. The section has been top of Hordaland County's list of landslide safety projects to be realized, and now the road will finally be secured against rock slides and falling snow and ice.
Veidekke Entreprenør is to build a 1.4 km tunnel, which will be named Folkedalstunnelen. In addition, Veidekke will build a total of 1 km new open road on both sides of the tunnel.
Work is to commence in the end of November and is to be completed in late autumn 2015.
For more information please contact:
Project Manager Øistein Brandt, tel. +47 90 69 07 49, oistein.brandt@veidekke.no
District Manager Stein Bjøru of Veidekke, tel. +47 950 20 560, stein.bjoru@veidekke.no
Communications Manager Helge Dieset, tel. +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 crushed stone 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.