Veidekke signs contract for Highway 2

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Veidekke Entreprenør AS has today signed a contract with the Norwegian Public Roads Administration to build the first stage of the new Highway 2 (riksvei 2) between Kongsvinger and Slomarka. The value of the contract is NOK 193 million excluding VAT.

Highway 2 is to be improved into a four-lane road between Kløfta and Kongsvinger. Work begins with the 17 kilometre section between Kongsvinger and Slomarka and this development has been divided into three contracts. The agreement with Veidekke is for building the 4.6 kilometre section between Kurudsand and Gulli in Kongsvinger. 

The new section will follow a new route on the south side of the River Glomma. The new four-lane highway will have a width of 16.5 metres, including central dividing rails and shoulders. Work is planned to start in November and is scheduled for completion by 1 November 2013.

More information about the development of Highway 2: http://www.vegvesen.no/Vegprosjekter/Rv2

For more information please contact:
Project Manager Torgeir Øvstebø, Veidekke Entreprenør AS, tel. 95 13 66 09, torgeir.ovstebo@veidekke.no
Communications Manager Helge Dieset, Veidekke ASA, tel. 90 55 33 22, helge.dieset@veidekke.no
Project Manager Geir Jensen, Norwegian Public Roads Administration, tel. 94 15 15 34, geir.jensen@vegvesen.no

Veidekke is one of Scandinavia's largest contractors with 6,100 employees and a turnover of NOK 16.3 billion (2010). Activities include building and construction projects, residential developments, asphalt plants, gravel and aggregates and road maintenance. Our values are professional, honest, enthusiastic and pioneering. Our goals for health and safety and the environment are as important to us as our financial goals. Veidekke is characterised by a decentralised organisational model with a strong company culture and a high degree of employee involvement. Over half the employees are co-owners, holding almost 20% of Veidekke's shares between them. The company is listed on the Oslo Stock Exchange and has never declared a loss since it was founded in 1936.

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)

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