Veidekke ASA: Contract for the Munch Museum

Veidekke Entreprenør has been awarded the contract by the City of Oslo c/o Kultur- og Idrettsbygg Oslo KF to carry out the civil engineering work for the new Munch Museum at Bjørvika in Oslo. The value of the contract is NOK 215 million excluding VAT.

The Munch Museum's collections are among Norway's most important contributions to the world's cultural heritage, and carry with them obligations and opportunities. A modern and future-oriented museum at Bjørvika will enable the collections to reach a wide audience and new groups of users, and will reinforce Oslo's reputation as an international arts city.

"We are very happy to bring a large player to a complex project with great national and international interest. It is important to us to have a good partner/contractual party," said Director Eli Grimsby of Kultur- og idrettsbygg at the signing of the contract on Monday.

"We are grateful for the confidence placed in us. This is a very exciting and challenging project, and we are thrilled to have won the contract. Both Veidekke and Kultur- og idrettsbygg have extremely competent teams working on the project, and that's important in order to succeed together," said EVP Dag Andresen of Veidekke Entreprenør when the contract was signed. 

The new Munch Museum will be located at the far end of the Paulsenkaia quay in Bjørvika and will neighbour the Opera, which Veidekke also built. Work will begin in September and will be concluded in the summer of 2016.

Caption: EVP Dag Andresen of Veidekke Entreprenør (left) and Director Eli Grimsby of Kultur- og idrettsbygg signing the contract. (Photo: Anne-Beth Jensen/Byggeindustrien)

For press photos, see www.flickr.com/photos/veidekke, for more information, contact:
Project manager Bente Lillestøl of Veidekke, tel. +47 90 88 04 69  bente.lillestol@veidekke.no
Communications Manager Helge Dieset of Veidekke, tel. +47 90 55 33 22, helge.dieset@veidekke.no
Communications Manager Haakon Berg Jensen of Kultur- og idrettsbygg, tel. +47 97 40 87 07, haakonberg.jensen@o22.oslo.kommune.no

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Veidekke is one of Scandinavia's largest construction and property development companies. The company undertakes all types of construction and civil engineering contracts, maintains roads, and produces asphalt and aggregates. The company is characterised by involvement and local knowledge. Revenue is NOK 24 billion (2014), and half of the 6,400 employees own shares in the company. Veidekke 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.