AF Gruppen

Regulatory Filings • Jun 19, 2023

To build the new Mo i Rana Airport

To build the new Mo i Rana Airport

Reference is made to the stock exchange announcement published on August 18, 2022, in which AF Gruppen by the client Avinor, was selected as the main contractor for the collaborative contract for Phase 1 of the contract for the new airport in Mo i Rana. Today, AF Gruppen has signed a target price contract with Avinor for Phase 2 (design and construction). The contract value for Phase 2 is approximately NOK 3,200 million excluding VAT and options.

The parties have gone through a collaborative phase to optimize technical solutions and construction implementation, and they have now agreed on Phase 2, which involves the actual construction of the airport. The project aims to achieve BREEAM Infrastructure certification at the "Very Good" level.

The new airport in Mo i Rana will be located in Fagerlia, just east of downtown Mo i Rana. The contract includes all earthworks, runway construction, technical infrastructure, terminal buildings and operational buildings. The necessary infrastructure such as roads, pedestrian and bicycle paths, and water and sewage systems for the airport are also part of the contract. The work has already begun and is expected to continue until the autumn of 2026.

"In collaboration together with Avinor we have found the best solutions for the construction of the airport, and we are excited to embark on the next phase of the project. AF Gruppen has extensive experience and expertise from various projects at Norwegian airports. We are looking forward to the construction phase and, together with Avinor, delivering a complete new airport to the region," said Amund Tøftum, CEO of AF Gruppen.

For further information:

Geir Flåta, EVP Civil Engineering, tel. +47 99 40 15 10

Amund Tøftum, CEO, tel. + 47 92 02 67 12