Veidekke signed E18 contract in Vestfold

Veidekke signed E18 contract in Vestfold

ID: 87525

(Thomson Reuters ONE) -


Today Veidekke Entreprenør AS has signed a contract with the Norwegian Public
Roads Administration to build the second stage of a total of three stages on the
Gulli - Langåker stretch. The contract comprises the Holmene - Tassebekk
stretch, and the value of the contract is NOK 425 million excluding VAT.


The E18 road in central Vestfold is to be expanded from a two-lane road to a
four-lane road between Gulli and Langåker. A total of 24 kilometres of new road
is to be built under three contracts. Currently it is the 6.95 kilometre stretch
between Holmene and Tassebekk that is in line.

The existing two-lane road is being expanded to a four-lane road with a central
divider. The current two-lane road is to be upgraded to new northward lanes,
while two new lanes for southward traffic will be built to the west of the
current road. The dimension class for the new road is S9 with a 100 km/h speed
limit and a road width of 28 metres.

The contract comprises all work including asphalt and marking. Electrical/MRM
work (management, regulation and monitoring) and local noise measures will be
carried out under separate contracts. The project will be carried out in
cooperation with Veidekke's subsidiary Trafikk & Anlegg AS. Work starts at the
turn of the year, and is to be completed in October 2014.


More information on the development of the E18 in central Vestfold:
http://www.vegvesen.no/Vegprosjekter/e18vestfoldmidt


For more information please contact:
Project Manager Kristian Senland, Veidekke Entreprenør AS, tel.
+47 95 13 66 09,kristian.senland(at)veidekke.no
Communications Manager Helge Dieset, Veidekke ASA, tel.
+47 90 55 33 22,helge.dieset(at)veidekke.no
Project Manager Steinar Aspen with the Norwegian Public Roads Administration,
tel. +47 915 25 743,steinar.aspen(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, 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
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#1563534]


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Bereitgestellt von Benutzer: hugin
Datum: 14.11.2011 - 15:12 Uhr
Sprache: Deutsch
News-ID 87525
Anzahl Zeichen: 3546

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