Veidekke to strengthen capacity on the Vänerbanen railway and E45 road between Trollhättan and Gothenburg

In February Veidekke will commence work on improving capacity on the Vänerbanen railway and E45 road between Trollhättan and Gothenburg. The value of the contract is SEK 254 million.

 Among other things, the contract includes

· rebuilding of 4,080 metres of existing two-lane road to four-lane road with central reserve
· new exit and entry ramps
· new lay-bys
· noise embankments with accompanying noise barriers

"This is an important contract that Veidekke has been awarded by the Swedish Transport Administration. It proves that we continue to strengthen our position as the value-adding partner in western Sweden," says Project Manager Kenneth Karlsson of Veidekke Entreprenad, Region Syd/Väst.

Work commences in February 2011 and is to be completed in December 2012.

For more information please contact:

Project Manager Kenneth Karlsson, Veidekke Entreprenad AB, Region Syd/Väst
Telephone: +46 0522-51 88 20
E-mail: Kenneth.karlsson@veidekke.se
Website: www.veidekke.se

Veidekke is one of Scandinavia's largest contractors with 6,000 employees and a turnover of NOK 16 billion. Activities include building and construction projects, residential developments, asphalt plants, gravel and aggregates, road maintenance and recycling. Our values are professional, honest, enthusiastic and pioneering. Our goals for health, safety and the environment, HSE, have equal status with our financial goals.  Veidekke is characterized by a decentralized organizational model with a strong corporate culture and a high degree of employee involvement. Over half the employees are co-owners, holding 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.