Veidekke ASA : Operation and maintenance contracts worth a billion for Veidekke
(Thomson Reuters ONE) -
Veidekke Industry has won six new operation and maintenance contracts this year
for Norwegian classified and county roads. "We have now been awarded two new
contracts by the Public Roads Administration for the areas of Sør-Varanger and
Lyngen. With these we have secured new contracts worth NOK 976 million excluding
VAT," says Managing Director Øyvind Moen of Veidekke Industry.
"Total orders on hand for our contracts now amount to NOK 2.4 billion. Most of
the contracts are for 5 years, and our annual turnover from them will be around
NOK 800 million," says Moen.
Changing industry
Major changes have taken place since the operation and maintenance of classified
and county roads in Norway were put out to tender around 10 years ago. Veidekke
is one of the private players that have been there since the start and today is
the country's second largest player with a market share of around 17%. The
company has 18 contracts, which means it is responsible for the maintenance of
approximately 8,800 km of roads in Norway, from Finnmark in the north to Vest-
Agder in the south.
Many important tasks
"Our job is to ensure usability, traffic safety, and maintain the road itself.
This involves everything from snow ploughing and gritting, washing signs,
emptying rubbish bins, and trimming verges to clearing up after floods,
avalanches, landslides, rock falls and accidents. The Public Roads
Administration determines the framework we have to work within and the road
standards we have to satisfy, which depend on factors such as road type and
traffic volume," concludes Moen.
For more information please contact:
Managing Director Øyvind Moen of Veidekke Industry, tel. (+47) 932 01 419,
oyvind.moen(at)veidekke.no
Communications Manager Helge Dieset of Veidekke ASA, tel. (+47) 905 53 322,
helge.dieset(at)veidekke.no
Veidekke is one of Scandinavia's largest contractors with 6,100 employees and a
turnover of NOK 18 billion (2011). 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, 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 slightly
more than 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 pursuant to section
5-12 of the Norwegian Securities Trading Act.
Trollstigen:
http://hugin.info/172/R/1624895/519657.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Veidekke ASA via Thomson Reuters ONE
[HUG#1624895]
Unternehmensinformation / Kurzprofil:
Datum: 06.07.2012 - 12:41 Uhr
Sprache: Deutsch
News-ID 162899
Anzahl Zeichen: 3660
contact information:
Town:
Oslo
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 178 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Veidekke ASA : Operation and maintenance contracts worth a billion for Veidekke"
steht unter der journalistisch-redaktionellen Verantwortung von
Veidekke ASA (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
