Veidekke ASA : Veidekke ASA: New Veidekke contract for Lidingöbanen in Stockholm

    Veidekke ASA : Veidekke ASA: New Veidekke contract for Lidingöbanen in

Veidekke Entreprenad has been awarded a new construction contract in
conjunction with rehabilitation of the Lidingöbanen tram line outside
Stockholm. The principal is Trafikförvaltningen, and the contract is worth
approximately SEK 200 million excl. VAT.

Lidingöbanen is a 9 km tram line from Torsvik to Gåshaga Brygge. It is to be
upgraded for new cars and greater capacity, and will be linked to Stockholm's
remaining network. Veidekke is to build a new double track on parts of the
line, rebuild and move several stations and undertake a number of other
construction tasks and groundwork.

"In late February Veidekke was awarded a contract for ground and concrete work
for a new tram depot at Lidingö worth SEK 150 million. We are obviously very
satisfied on winning a new contract for Trafikförvaltningen, and view this as
confirmation that our collaborative model is preferred. We look forward to
contributing in an important project that simplifies and enhances travel for
those using public transport," says Project Manager Anders Bergsten with
Veidekke Entreprenad Anläggning Öst.

Construction will start in August, test runs will start in September 2014 and
the track will be put into operation from December 2014.

For more information please contact:
Marcus C Nilsson, Regional Manager, Veidekke Entr. Anläggning Öst, +46768 40
05 56,
Anders Bergsten, Project Manager, Veidekke Entr. Anläggning Öst, +46768 40 11
Communications Manager Helge Dieset, tel. +47 21 05 77 91 / +47 90 55 33 22,

Veidekke is one of Scandinavia's leading contractors and property developers
with a turnover of 20 billion (2012) and 6,300 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.


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
information contained therein.

Source: Veidekke ASA via Thomson Reuters ONE
Press spacebar to pause and continue. Press esc to stop.