Veidekke

Veidekke: Selected to execute the Fornebubanen Majorstuen-Skøyen tunnel contract

Veidekke has been selected to carry out tunneling and foundation work for the

Majorstuen-Skøyen section of Fornebubanen. The contract value is estimated at

just under NOK 1.4 billion.

The contract will be signed after expiry of the mandatory waiting period on 25

June 2023.

Construction on the Majorstuen-Skøyen section will start in August/September

2023 and is scheduled to be completed in Q1 2027. The contract comprises

tunneling and foundation work on the stretch from Volvat to Skøyen station, and

an access tunnel to Madserud from which rock masses will be transported.

Veidekke is currently carrying out similar work on the Lysaker-Vækerø section of

Fornebubanen.

For more information, contact:

Jørgen Wiese Porsmyr, CFO, ph. +47 907 59 058

Veidekke press photos (https://veidekke.fotoware.cloud/fotoweb/archives/5028

-Pressebilder-Veidekke/)

Subscribe to notices from Veidekke (http://veidekke.com/no/borsmeldinger/abonner

-pa-meldinger/)

Veidekke 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. Its annual turnover is

approximately NOK 39 billion, and 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.

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