Veidekke ASA: To build comprehensive school at Jessheim

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Veidekke has won the competition to build Gystadmarka comprehensive school at Jessheim. The value of the contract is NOK 230 million excluding VAT. "We're pleased to have won this school project in a good and exciting PPP competition for Ullensaker municipality," says Birte Almeland with Veidekke Entreprenør.

PPP project
The project will be implemented in accordance with the PPP model (public-private partnership), which entails that Veidekke both develops, plans, builds and operates the school. Veidekke has also been responsible for funding the project. Ullensaker municipality will lease the school for 25 years, and during the term of the lease Veidekke will be responsible for operation and maintenance through a separate operation contract. After the first five years, parts of the operation contract will be renegotiated.

Veidekke is currently developing two corresponding PPP projects; Rykkinn school for Bærum municipality and Jessheim upper secondary school for Akershus County Municipality. "There are good synergies in having several PPP schools at the same time, and we're looking forward to being responsible for operating two large school buildings at Jessheim as far into the future as 2043. We would also like to thank all of our partners who participated in the competition stage, which has been ongoing since June 2015," Almeland concludes.

School with stadium stand
The new comprehensive school will be built for 750 students and 30 classes. The building totals 9,215 m2 (gross area) in size on four floors. The building is located next to the UKI Arena football stadium, and the project includes a stand at one of the ends of the football pitch with 1,000 seats and a service building linked to the football pitch. Building work is scheduled to start in the spring of 2016 and is due for completion at the start of school in winter 2018. It will be a modern and functional comprehensive school for the new district emerging at Gystadmarka. 

Caption (left to right): District Manager Hans Olav Sørlie and PPP Manager Birte Almeland from Veidekke, chief administrative officer Tor Arne Gangsø of Ullensaker municipality and assistant CFO Christopher M. Bjerke of Veidekke are looking forward to a long-term school partnership.


For more information, contact:
PPP Manager and head of department Birte Almeland, tel. +47 95 07 70 31, birte.almeland@veidekke.no
Project Manager Jørn Aaltvedt, tel. +47 41 66 05 45, jorn.aaltvedt@veidekke.no
Communications Manager Helge Dieset, tel. 90 55 33 22, helge.dieset@veidekke.no

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Veidekke is one of Scandinavia's largest construction and property development companies. The company undertakes all types of building and construction contracts, maintains roads and produces asphalt and aggregates. The company's operations are characterised by involvement and local knowledge. Revenue is NOK 24.5 billion (2015), and half of the 7,000 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.

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