Veidekke to Build Energy-saving Apartments in Gothenburg
SBS Entreprenad AB, a wholly-owned subsidiary of Veidekke, has signed a contract for the construction of 63 energy-saving apartments for Riksbyggen in Gothenburg, Sweden. The contract price is approximately 115 million SEK.
SBS is thereby initiating, together with Riksbyggen, the construction of a completely new urban district at Västra Eriksberg in Hisingen, Gothenburg. When finished, the new district will consist of approximately 2,000 apartments.
Veidekke's contract is for 63 apartments over four floors, with garage and storage areas in the basement.
This is a general contract. The construction work will commence in May 2007, and the project is scheduled for completion in spring 2009.
For further information, please contact:
Bert Granberg, SBS Entreprenad AB, phone +46 31 50 56 06
Johan Eriksson, SBS Entreprenad AB, phone +46 31 50 56 26
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.
SBS Entreprenad AB and Veidekke Construction AB (Vecon) constitute Veidekke Region West in Sweden, and are among the leading building and construction companies in the district.