Veidekke ASA: Major contract in Trondheim

Veidekke Entreprenør is to build Moholt 50|50 for the Student Welfare Organization in Trondheim (SiT). The value of the contract is NOK 451 million excluding VAT, and is the largest contract Veidekke has won in Trondheim. The projects comprises five nine-storey student housing blocks with a total of 632 bedsit units. In addition there will be a day care centre for 170 children.

Moholt 50|50 is a participant in the "Cities of the future" partnership between the Government and Norway's 13 largest cities. Both the student housing blocks and day care centre will be built as passive houses with geothermal heating as source of energy and will be built using massive wood, all to reduce CO₂ emissions. Three of the five blocks and the day care centre will be completed for the start of the semester in 2016, while the final two will be completed in November 2016.  

Veidekke won the competition to become partner in Moholt 50|50 in September 2014. Since then, the project has developed from 465 bedsit units to the current 632 units. With nine storeys these will be the tallest massive wood buildings ever erected in Norway. Veidekke Trondheim will build the project in collaboration with Veidekke Follo/Østfold, which has built the student town in Ås using the same building system.

"This is very exciting, and we are very proud and happy that SiT has displayed such confidence in Veidekke by awarding us the contract," says Ståle Brovold, district manager for Veidekke Entreprenør in Trondheim.

"The project is a good example of what we can achieve when we exploit the Veidekke Group's expertise. Here we use everything we have learned in terms of new work processes that we call "Involving planning" both for developing, planning and executing the project. We also implement processes that ensure good collaboration with our subcontractors," Brovold concludes.

For press photos, see www.flickr.com/photos/veidekke, for more information, contact:
Project manager Arnfinn Aune, tel. +47 907 72 818, arnfinn.aune@veidekke.no 
District manager Ståle Brovold, tel. +47 907 72 819, stale.brovold@veidekke.no  
Communications Manager Helge Dieset, tel. +47 90 55 33 22, helge.dieset@veidekke.no

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Veidekke is one of Scandinavia's largest contractors and property developers. The company undertakes all types of building and construction contracts, maintains roads and produces asphalt, crushed stone and gravel. The company is characterised by involvement and local knowledge. Turnover 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.