Veidekke ASA : Veidekke to build operations base for Sporveien

        Veidekke ASA : Veidekke to build operations base for Sporveien

Today, Veidekke Entreprenør has signed a contract with Sporveien for the
construction of a new operations base by Avløs station in Bærum. This will be
a turnkey contract valued at NOK 298 million, excluding VAT.

The contract involves renovating the existing tram depot and expanding it
eastwards, and building three new depots in concrete and steel totalling about
16,000 m^2. Various construction work will also be carried out along the
tracks and the areas surrounding the depots will be improved.

This is the last big contract being awarded in connection with the upgrade of
the Kolsås line between Smestad and Kolsås. Veidekke has previously built
stations and completed groundwork from Ullern to Åsjordet, by Gjønnes and from
Hauger to Kolsås (currently ongoing). Additionally, Veidekke has completed
several smaller construction contracts on the Kolsås line during the past six
to seven years.

Construction will start in October, with work completed in April 2015.

For more information please contact:
Project Manager Jan Arnold Hanssen in Veidekke, tel. +47 91 12 83 64,
Project Manager Arnt Jørstad in Sporveien, tel. +47 90 17 05 32,
Communications Manager Helge Dieset, Veidekke ASA, 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 NOK 20 billion (2012) and 6,300 employees. Activities
include building and construction projects, residential developments, asphalt
plants, gravel and aggregates, and road services. Our values are professional,
honest, enthusiastic and ground-breaking. 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 always posted a profit
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.

Avlos station


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Source: Veidekke ASA via Thomson Reuters ONE
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