The contract involves tunnelling from an access tunnel at Skallum in Bærum. Veidekke will establish the approximately 420 metre-long access tunnel down to the main tunnel for the double track line. It will drive approximately 800 metres of tunnel in the direction of Lysaker and 800 metres in the direction of Sandvika. Both tunnels will be driven to connect up with neighbouring contracts.

The work includes rock blasting, securing and other structural work inside the tunnel. At the most about 70 of Veidekke own workforce will be involved in the project.

The work will commence on 11 April and be completed by 1 August 2010.

For further information, please contact:

Project Manager Knut E. Knutsen, National Rail Administration, mobile + 47 916 68 874

Project Manager Øyvind Trydal, Veidekke Entreprenør AS, mobile +47 900 88 903

e-mail: oyvind.trydal@veidekke.no

VEIDEKKE ASA

Veidekke ASA is a leading Scandinavian building contractor and property developer with 6,350 employees and an annual turnover of NOK 16.4 billion (2006). Veidekke is listed on the Oslo Stock Exchange. It has a wide group of shareholders and 14% of the shares are held by the company's employees. The company's activities cover a large range of building and construction contracts, development of housing and commercial projects for private and public customers, asphalt operations and road maintenance, and collection and recycling of waste.