Veidekke ASA : Veidekke ASA: Veidekke wins major Bergen Light Rail project

  Veidekke ASA : Veidekke ASA: Veidekke wins major Bergen Light Rail project

Veidekke Entreprenør AS has signed a contract with Bergen Light Rail
Development & Construction to construct 2.7 kilometres of track from Lagunen
to Sandslivegen. The project is worth NOK 634 million, excl. VAT, and includes
a bridge, two stations and three tunnels.

The third and final construction phase of Bergen Light Rail is now being
constructed, in other words the last five sections from Lagunen to Flesland
Airport. Once the work is completed in 2016, Bergen Light Rail will stretch 20
kilometres between Bergen City Centre and Flesland Airport.

The project won by Veidekke is the largest contract in the third construction
phase and consists of 2.7 kilometres of double track. The stretch includes the
60-metre Steinsvik Bridge, three tunnels with a total length of around 1.9
kilometres (the 700-metre Folldals Tunnel, the 570-metre Steinsvik Tunnel and
the 600-metre Solhei Tunnel) as well as two stations at Råstølen and

This is Veidekke's third contract for Bergen Light Rail. Besides a smaller six
week project in the second construction phase, in 2008 and 2009 Veidekke
constructed the section between Wergeland and Fantoft, which included two
tunnels and three stations, during Bergen Light Rail's first construction

Veidekke will start work in August and the project is scheduled for completion
in October 2015.


For more information please contact:
Project Manager Tor Harald Haugen at Veidekke, Tel. (+47) 95 21 82 33,
District Manager Stein Bjøru at Veidekke, Tel. (+47) 950 20560,
Communications Manager Helge Dieset, Tel. (+47) 21 05 77 91 / (+47) 90 55 33

Veidekke is one of Scandinavia's leading contractors and property developers
with a turnover of NOK 20 billion (2012) and 6,300 employees. Activities
include building and construction projects, residential developments, asphalt
plants, gravel and crushed stone and road services. 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 per cent 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.