Veidekke ASA: Veidekke to build tunnel on county road 7 in Granvin

      Veidekke ASA: Veidekke to build tunnel on county road 7 in Granvin

Veidekke Entreprenør has entered into a contract with the Norwegian Public
Roads Administration to build a tunnel and a new landslide-safe road past
Haukanesberget on county road 7 in Granvin municipality. This will be a
turnkey contract valued at NOK 191 million, excluding VAT.

County road 7 past Haukanesberget west of the centre of Granvin is the most
landslide-prone road in Hordaland. The section has been top of Hordaland
County's list of landslide safety projects to be realized, and now the road
will finally be secured against rock slides and falling snow and ice.

Veidekke Entreprenør is to build a 1.4 km tunnel, which will be named
Folkedalstunnelen. In addition, Veidekke will build a total of 1 km new open
road on both sides of the tunnel.

Work is to commence in the end of November and is to be completed in late
autumn 2015.

Downloadable photo

For more information please contact:
Project Manager Øistein Brandt, tel. +47 90 69 07 49,
District Manager Stein Bjøru of Veidekke, tel. +47 950 20560,
Communications Manager Helge Dieset, tel. +4790 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 crushed stone 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.



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.