Veidekke signs contract for Highway 2

Veidekke signs contract for Highway 2

ID: 57123

(Thomson Reuters ONE) -




Veidekke Entreprenør AS has today signed a contract with the Norwegian Public
Roads Administration to build the first stage of the new Highway 2 (riksvei 2)
between Kongsvinger and Slomarka. The value of the contract is NOK 193 million
excluding VAT.

Highway 2 is to be improved into a four-lane road between Kløfta and
Kongsvinger. Work begins with the 17 kilometre section between Kongsvinger and
Slomarka and this development has been divided into three contracts. The
agreement with Veidekke is for building the 4.6 kilometre section between
Kurudsand and Gulli in Kongsvinger.

The new section will follow a new route on the south side of the River Glomma.
The new four-lane highway will have a width of 16.5 metres, including central
dividing rails and shoulders. Work is planned to start in November and is
scheduled for completion by 1 November 2013.

More information about the development of Highway 2:
http://www.vegvesen.no/Vegprosjekter/Rv2

For more information please contact:
Project Manager Torgeir Øvstebø, Veidekke Entreprenør AS, tel.
95 13 66 09,torgeir.ovstebo(at)veidekke.no
Communications Manager Helge Dieset, Veidekke ASA, tel.
90 55 33 22,helge.dieset(at)veidekke.no
Project Manager Geir Jensen, Norwegian Public Roads Administration, tel.
94 15 15 34,geir.jensen(at)vegvesen.no


Veidekke is one of Scandinavia's largest contractors with 6,100 employees and a
turnover of NOK 16.3 billion (2010). 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 and safety and the environment
are as important to us as our financial goals. Veidekke is characterised by a
decentralised organisational model with a strong company culture and a high




degree of employee involvement. Over half the employees are co-owners, holding
almost 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 acc. to §5-12 vphl
(Norwegian Securities Trading Act)






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#1537579]


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Bereitgestellt von Benutzer: hugin
Datum: 10.08.2011 - 15:30 Uhr
Sprache: Deutsch
News-ID 57123
Anzahl Zeichen: 3000

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