Veidekke

Earnings Release • Jul 8, 2024

Veidekke: Tunnel project in Gothenburg

Veidekke: Tunnel project in Gothenburg

Veidekke has been commissioned by the Swedish Transport Administration

(Trafikverket) to construct the section Haga - Otterhällan of the Västlänken

railway connection under central Gothenburg. The project is a cost-plus contract

with an estimated value of SEK 430 million excluding VAT.

"We are very pleased to have been awarded the contract to build the Haga -

Otterhällan section. This demonstrates our competitiveness in executing

challenging and complex infrastructure projects," says Regional Manager Fredrik

Indevall at Veidekke Anläggning Väst.

The contract covers approximately 500 meters between Rosenlundsplatsen and the

Harbor Canal and consists of a double-track tunnel and two service tunnels in

rock. In this subproject, Västlänken will pass several underground structures

such as the Götatunnel, garages, and shelters.

Västlänken (https://www.trafikverket.se/vara-projekt/projekt-i-vastra-gotalands

-lan/vastlanken/) is an eight-kilometer railway project for commuter and

regional trains, with six kilometers running in a tunnel under central

Gothenburg. The project aims to increase capacity and regularity as well as

reduce travel time, and three new stations will help to increase the travel

base.

Work will start immediately and is expected to be completed in spring 2029. The

contract is included in Veidekke's order backlog for the third quarter of 2024.

For further information, please contact:

EVP Marcus C Nilsson, Veidekke Infra Sverige, tel. +46 76 840 05 56,

marcus.c.nilsson@veidekke.se

CFO Jørgen Wiese Porsmyr, Veidekke ASA, tel. +47 907 59 058, jorgen

-wiese.porsmyr@veidekke.no

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Veidekke (http://www.veidekke.no) is one of Scandinavia's largest contractors.

In addition to undertaking all types of building and civil engineering

assignments, the group also maintains roads and produces asphalt and aggregates.

Veidekke emphasises stakeholder involvement and local experience. Annual

turnover is approx. NOK 43 billion, and almost half of its 8,000 employees own

shares in the company. Veidekke is listed on the Oslo Stock Exchange and has

posted a profit every year since its inception in 1936.