Veidekke ASA: To build new Landøya school in Asker

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Today Asker municipality has entered into a contract with Veidekke Entreprenør to build the new Landøya secondary school in Asker. This is a turnkey contract valued at NOK 210 million, excluding VAT.

Veidekke was awarded the contract after winning the competition for best design and proposal in February of this year. Following a completed interaction phase with Asker municipality, today the parties entered into a turnkey contract to build new Landøya school.

The new secondary school will have room for 540 pupils from the eighth to tenth grades. The school will be a total of 9,400 m2 in size with teaching areas, a multi-purpose hall and premises for collective use and cultural activities. Veidekke's contract also includes the demolition of the current school building and Landøya swimming hall, as well as development of the outdoor areas surrounding the school.

"Good school buildings are among the most important things we can build, and we're very pleased to have won the competition for this contract. We are pleased to have earned the confidence of Asker municipality, and look forward to building on the good cooperation we have had during the interaction phase. Now we and our subcontractors will carry out the project in the best possible manner in collaboration with the municipality's team," says district manager Sverre Liavaag of Veidekke Entreprenør.

Construction work will start on 1 January, and the new school will be ready for the start of the school term in the autumn of 2018.

For press photos, see www.flickr.com/photos/veidekke, for more information, contact:
Head of department Gro Brathovde, tel. +47 91 19 53 64, gro.brathovde@veidekke.no
District Manager Sverre Liavaag, tel. +47 90 74 18 77, sverre.liavaag@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 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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