Veidekke

Regulatory Filings • Jun 7, 2022

Veidekke: Bane NOR improvements in Kongsberg

Veidekke: Bane NOR improvements in Kongsberg

Bane NOR has contracted Veidekke to expand train stabling at Kongsberg Station

and to implement several measures designed to strengthen freight traffic on the

Numedal Line. The execution contract is worth NOK 155 million, excluding VAT.

"We are grateful for the confidence shown in us and for yet another great

contract for Bane NOR. The work will be carried out with laydown and

construction areas close to tracks in operation, meaning that the requirements

for safety, the environment and the surroundings will be crucial. The assignment

will involve a high degree of interdisciplinarity, which suits us well," says

Magnus S. Kristensen, Manager of Veidekke Bane.

The existing train stabling area on the north side of Kongsberg Station will be

expanded with three new sidings totalling almost 900 metres in length and with

space to stable double train sets. Service platforms will also be constructed

for replenishing water and vacuum systems for emptying toilets. In addition to

this, a service building will be built, extensive signalling work will be

carried out, and five level crossings will be refurbished. A number of minor

measures will also be carried out on the Numedal Line that will have major,

positive effects for freight traffic.

"The flow in the project has been very good and all the necessary planning and

preparations have been made over the course of two years. We achieved this by

running several activities in parallel and by working together with Kongsberg

Municipality and consultants efficiently and well. The fact that the project

will also come in on budget is also very pleasing," says project manager Fredrik

Haga of Bane NOR.

The planning and rigging up has already started, while the physical works at

Kongsberg Station will start just after the summer holidays, with completion

scheduled for Autumn 2023.

For further information please contact:

Manager Veidekke Bane Magnus Sutherland Kristensen, Tel. +47 92 22 90 81,

magnus.kristensen@veidekke.no

Communications Manager Helge Dieset, Veidekke, Tel. +47 90 55 33 22,

helge.dieset@veidekke.no

Project Leader Gunstein Mork at Bane NOR, Tlf. +47 93 01 84 88,

gunstein.mork@banenor.no

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

-Pressebilder-Veidekke/)

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Veidekke Bane was established in 1999 and refurbishes and maintains railways and

tramways. Its 110 employees have a high level of expertise in all technical

railway disciplines and take on contracts nationwide.

Veidekke is one of Scandinavia's largest contractors. The company undertakes all

types of construction and civil engineering contracts, maintains roads, and

produces asphalt and aggregates. Veidekke emphasises stakeholder involvement and

local experience. Annual turnover is approx. NOK 38 billion, and around half of

its 7,800 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.