Veidekke ASA: Major rail contract for Veidekke

Veidekke ASA: Major rail contract for Veidekke

ID: 204615

(Thomson Reuters ONE) -


Today Veidekke Entreprenør AS has entered into a contract with the National Rail
Administration to build 5.75 km double tracks for the Farriseidet - Porsgrunn
project. The value of the contract is NOK 980 million excluding VAT.

The 5.75 km of double tracks Veidekke will build includes two tunnels and two
bridges. The Skillingsmyr tunnel will be the longest at 3,810 metres, and will
extend from the Telemark county border to Gunnarsrød at the head of
Langangfjorden. At Gunnarsrød there will be a 300 m open stretch, including
Gunnarsrød bridge (62 m). From there a tunnel will be built through Ønnsåsen
(580 m) and a bridge over Ønna (228 m) that takes the track into the Storberget
tunnel. Blasting and securing the first 300 metres of the Storberget tunnel is
also included in Veidekke's contract.

In addition, Veidekke will build a 264 metre cross cut and two escape tunnels
totalling just over 700 meters. Rigging starts in mid-January and Veidekke is to
hand over the stretch in September 2016.

The contract Veidekke has been awarded is part of the Farriseidet - Porsgrunn
project and the second of a total of four major ground and tunnel contracts to
be contracted in the coming year.

More information on the project:
http://www.jernbaneverket.no/no/Prosjekter/Prosjekter/Dette-er-
Vestfoldbanen/Farriseidet---Porsgrunn/


For more information please contact:
Project Manager Neal Nordahl with Veidekke, tel. +47 90 92 44 64,
neal.nordahl(at)veidekke.no
Communications Manager Helge Dieset of Veidekke, tel. +47 21 05 77 91 /+47
90 55 33 22, helge.dieset(at)veidekke.no
Project Director Stine Ilebrekke Undrum with the National Rail Administration,
tel. +47 97 52 93 10,unst(at)jbv.no


Veidekke is one of Scandinavia's leading contractors and property developers
with a turnover of 18 billion (2011) and 6,500 employees. 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 characterised by a
strong corporate culture with employee involvement and co-ownership as important
cornerstones. More than half of the employees are co-owners, holding around 20%
of the Group'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.

Illustration:
http://hugin.info/172/R/1658761/536863.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#1658761]




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Bereitgestellt von Benutzer: hugin
Datum: 16.11.2012 - 13:57 Uhr
Sprache: Deutsch
News-ID 204615
Anzahl Zeichen: 3523

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