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Veidekke ASA: To rehabilitate the Høyanger tunnel

Today Veidekke Entreprenør has signed a contract with the Norwegian Public
Roads Administration (NPRA) to rehabilitate the Høyanger tunnel on secondary
road 55 in Sogn og Fjordane. The value of the contract is NOK 106 million
excluding VAT.

The tunnel is 7.5 kilometres in length and links the municipalities of
Høyanger and Balestrand. The work includes groundwork, blasting new caverns,
extensive securing work with new water and frost protection, and electrical
installations. The tunnel will be open for traffic during the entire
construction period, but with convoys tailored for scheduled traffic.

"This is an important project for us. The market for rehabilitating road
tunnels is extremely tough, and in this case there were 10 bidders. We will
encounter a project organization in the NPRA we know well from previous
construction projects, and we are looking forward to constructive
collaboration," says head of department Anders Haaland of Veidekke.

Work starts in October, and is to be completed in the summer of 2016.

For press photos,,for more information,
Head of department Anders Haaland, tel. +47 90 12 87

Communications Manager Helge Dieset of Veidekke, tel. +47 90 55 33

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Veidekke is one of Scandinavia's largest construction and property development
companies. The company undertakes all types of construction and civil
engineering contracts, maintains roads, and produces asphalt and aggregates.
The company is characterised by involvement and local knowledge. Revenue is
NOK 24 billion (2014), and half of the 6,400 employees own shares in the
company. Veidekke 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.

Press illustration tunnel securing


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Veidekke ASA via Globenewswire


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