Veidekke ASA: New contracts for Veidekke's railway department

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Veidekke Construction's railway department has been awarded a new contract from the National Rail Administration in connection with fireproofing in the Oslo tunnel. The contract is for the construction of a new smoke ventilation facility and has a value of NOK 140 million excluding VAT. In only a short period, Veidekke's railway department has been awarded contracts for almost a quarter billion kroner.

This is the second major contract the National Rail Administration has awarded Veidekke for work in the Oslo tunnel in just a short period of time. Just before Christmas a contract worth NOK 96 million was signed for the installation of a new fire water main through the entire Oslo tunnel. In addition, Veidekke was also awarded a smaller contract for preparatory work which is currently starting at Høvik station.

"It is particularly pleasing that Veidekke's railway department has made its mark in the competition for these contracts, as the traditional maintenance and renovation market for railway technology has greatly reduced appropriations for the current year. With these contracts we are ensured continuous operation and a good basis for our continued focus on the exciting railway market", says head of department, Jarle Røe.

In short, the contracts in the Oslo tunnel involve establishing approx. 4 km of new 200 mm stainless steel water pipes with outlets every 100 metres, in addition to three pumping stations. In addition, 49 fans at 150 metre intervals are to be supplied, including associated high and low voltage installations.

Press photo

For more information please contact:
Head of department of Veidekke Bane, Jarle Røe, tel. +47 900 88 656, jarle.roe@veidekke.no
District Manager Jon Sørby of Veidekke, tel. +47 901 34 254, jon.sorby@veidekke.no
Helge Dieset, Communications Manager, 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 maintenance. Our values are professional, honest, enthusiastic and pioneering. 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% of the Group's shares between them. The company is listed on the Oslo Stock Exchange and has never declared a loss 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.

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