Veidekke ASA: To build student accommodation in Drammen

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Veidekke Entreprenør AS has entered into a contract with the Student Welfare Organization in South-East Norway (SSN) to build accommodation for 195 students at Øvre Sund in Drammen. The housing will be built to comply with the Passive House standard and will largely be constructed of massive wood. The value of the contract is NOK 119 million excluding VAT.

In connection with its work to further develop the student accommodation in Drammen, the Student Welfare Organization in South-East Norway (SSN) has selected Veidekke and Code: arkitektur as its partners to design and build the new student accommodation.

"We have built on the good collaboration we have developed with Campus Ringerike in Hønefoss, which will be ready by the beginning of the academic year in August. It is very satisfying that we can transfer the expertise we have acquired and ensure continuity in the construction of sustainable, eco-friendly buildings, and we are pleased and proud of the confidence in Veidekke that SSN has demonstrated by awarding us this contract," says district manager Sverre Liavaag of Veidekke Entreprenør Buskerud.

The project comprises two blocks of flats with three and four floors respectively, above a basement floor with storage rooms, cycle parking and laundry facilities for the students. The buildings will meet all the Passive House requirements, in line with the student accommodation project at Campus Ringerike.

The site is currently being rigged, and the plan is to get started on the groundwork promptly. Assembly of the massive wood structure will commence in late summer, and the entire project is slated for completion by the start of academic year in autumn in 2017.

  

For press photos, see www.flickr.com/photos/veidekke, for more information, contact:
District manager Sverre Liavaag, tel. +47 90 74 18 77, sverre.liavaag@veidekke.no
Project manager Martin Schinnes tel. +47 99 02 64 61, martin.schinnes@veidekke.no
Communications Manager Helge Dieset, tel. (+47) 90 55 33 22, helge.dieset@veidekke.no
Director and project manager Hans Erik Stormoen of SSN, tel. +47 90 60 53 40, hans.erik.stormoen@hbv.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 24.5 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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