The project consists of three terraced blocks of 11 flats each. Veidekke has been awarded the contract for construction of the first block with an optional contract for the remaining two, pending sales of the flats.

The flats have private financing, and are organised as a housing cooperative with deposits of varying sizes.

Total gross floor area per block is 1,034 m2.  The size of the flats varies from 55 m2 to 116 m2. There will be a parking area in the basement of each block and an elevator. The flats will be of a high standard furnished with parquet floors, gas fireplaces and separate washing facilities.

The work will be carried out as a turnkey contract. Construction starts in February 2004, and completion is scheduled for January 2005.

For further information, please contact:

Project Manager Erik Seiersten, Veidekke Entreprenør AS,

phone + 47 977 12 337

District Manager Per-Inge Heen, Veidekke Entreprenør AS,

phone +47 64 97 47 00