Veidekke

Earnings Release • Mar 18, 2021

Veidekke ASA: To build parking facility in rock cavern in Kristiansand

Veidekke ASA: To build parking facility in rock cavern in Kristiansand

Veidekke has been commissioned by Kanalbyen Eiendom AS to build a parking

facility with 341 parking spaces in a rock cavern on Odderøya in Kristiansand.

The contract is a turnkey contract valued at NOK 130 million excluding VAT.

The project has been developed in close partnership between Veidekke and

Kanalbyen Eiendom. Kanalbyen has very attractive location, and by placing the

parking facility in a rock cavern, the area will remain open, inclusive and

accessible while the residents will only have a short distance to their cars.

"We greatly appreciate the contract. Here we will be able to exploit our

building and construction expertise in the best possible manner. Now we are

looking forward to starting the construction work with our local partners in the

summer," says project director Bernt Wilhelmsen with Veidekke.

Kanalbyen is a new city district on Odderøya within a short walking distance to

Kristiansand city centre. Around 700 apartments are planned here with the sea on

one side, the forest on the other side and a canal through the middle. The first

residents took up occupation in 2019, and currently the third of a total of

seven building stages is under construction.

Work on the parking facility is scheduled to start in May or June, with

completion expected before Christmas in 2022. More information about Kanalbyen

is available here: https://www.kanalbyen.no/

For more information please contact:

Project Director Bernt Wilhelmsen of Veidekke Anlegg, tel. +47 94 16 91 19,

Bernt.Wilhelmsen@veidekke.no

Communications Manager Helge Dieset of Veidekke ASA, tel. (+47) 905 53 322,

helge.dieset@veidekke.no

General manager Sven Erik Knoph of Kanalbyen Eiendom, tel. +47 900 62 750,

sek@kanalbyen.no

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Veidekke is one of Scandinavia's largest construction and property development

companies. The company undertakes all types of building construction and civil

engineering contracts, develops residential projects, maintains roads, and

produces asphalt and aggregates. Veidekke emphasises stakeholder involvement and

local experience. Annual turnover is approximately NOK 38 billion and around

half of its 8,100 employees own shares in the company. Veidekke is listed on the

Oslo Stock Exchange and has always posted a profit since it was founded in 1936.