Veidekke has submitted the best bid for a major transport contract

Veidekke Entreprenør has submitted the best bid for the construction of the new E6 Arnkvern-Moelv road section. Veidekke's bid was NOK 2.043 billion, which is NOK 106 million less than the client's maximum price. In addition to submitting the lowest bid, Veidekke Entreprenør has scored best on the client's quality criteria.

The road section is 24 kilometres in length. The Arnkvern - Brumunddal section will be completed in the summer of 2020, while the Brumunddal - Moelv section is scheduled for completion in the summer of 2021. In the specification phase Veidekke Entreprenør will present its plan for the contract work and target achievement. Signing the contract is planned for October 3, 2017.

Veidekke has brought Sweco and Aventi on board as consultants.

For press photos, see www.flickr.com/photos/veidekke, for more information, contact:
SVP Finance Jørgen Michelet, mob +47 917 43 856, jorgen.michelet@veidekke.no
EVP Lars Erik Lund, mob +47 413 31 369, lars.lund@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 civil engineering contracts, develops residential projects, maintains roads, and produces asphalt and aggregates. The company is known for its involvement and local knowledge. Its annual turnover is NOK 30 billion and around half of its 7,400 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 to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.