Veidekke

Regulatory Filings • Apr 7, 2021

Veidekke ASA: To start new school project in Stockholm

Veidekke ASA: To start new school project in Stockholm

Veidekke's subsidiary Arcona has been commissioned to construct two new school

buildings and make moderations to Sundbyskolan's current premises in Spånga

outside Stockholm. The client is SISAB, The Stockholm School Properties Company,

and the project is an execution contract worth approx. SEK 145 million. Work

starts in April and will continue until December 2023.

Sundbyskolan was built in the 1950s and will now be remodeled to meet current

needs and standards. The school's capacity will also be expanded to 1,200

students, compared to 821 today. Two new buildings will be constructed to

accommodate grades preschool through third and seventh through ninth,

respectively, and existing buildings will undergo moderations. The lunch room

and commercial kitchen will also be refurbished and expanded to make room for

more students. Also included in the contract is the demolition of two existing

pavilions. The new buildings will be constructed in accordance with the

Miljöbyggnad Silver standard. As the school will be in operation throughout the

construction period, great emphasis is placed on logistics, working environment,

and consideration for third parties.

"SISAB and the education administration look forward to realising the plans on

behalf of Sundbyskolan's students and staff, in collaboration with Arcona. This

is an excellent project, where everyone involved shares a great joint

responsibility towards the children and the city of Stockholm," says Kamran

Lotfi, project manager at SISAB.

"We are proud to continue our collaboration with SISAB and the education

administration through another great project. Being able to contribute to

providing our children with new and modern educational premises, is always

exciting, says Niklas Blomdahl, project manager at Arcona.

Currently under construction by Arcona for SISAB are Skanskvarnsskolan in Årsta

and Vasa Real upper secondary school at Odenplan. Arcona recently completed

Framtidens förskola Blågull in Hässelby and conducted comprehensive renovation

of Östra Real upper secondary school for the same client.

The contract is included in the order book for the first quarter 2021.

For more information, contact:

Mats Nyström, CEO Veidekke Sweden, ph. +46 705 37 12 60

Niklas Blomdahl, project manager Arcona, niklas.blomdahl@arcona.se, ph. +46 851

00 22 29

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

-Pressebilder-Veidekke/)

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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 38 billion, and half of its 8,100 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.