Veidekke

Regulatory Filings • Mar 20, 2020

Veidekke ASA: To build new Voldsløkka School in Oslo

Veidekke ASA: To build new Voldsløkka School in Oslo

Veidekke has entered into a contract with Undervisningsbygg Oslo KF to build the

new Voldsløkka Secondary School in Oslo. The City of Oslo has major

environmental ambitions and the school is being built as an energy-plus

building. The project is a turnkey contract valued at NOK 477 million, excluding

VAT.

The new school will cover approximately 14,000 square metres in total across a

four-level new build, as well as the listed Heidenreich building, which will be

fully renovated. The school will be built as a secondary school with eight

parallel year groups for 810 pupils, 75 teachers, as well as administrative

staff.

"The Voldsløkka School project will transform a beautiful old building, the

Heidenreich building, and, in combination with an environmentally friendly and

energy-efficient newbuild, will create an outstanding contemporary school. This

presents a number of evolving opportunities and demanding challenges, which we

will resolve in close collaboration with Veidekke," says Tore Moger, Head of

Department at the Project Department of Undervisningsbygg Oslo KF.

The newbuild at Voldsløkka will be built as an energy-plus building with solar

panels both on the roof and on the facades. There are high environmental

ambitions for the building process as well. Machinery at the construction site

will, as a minimum, use fossil-free fuel and the aim is to use the highest

possible level of emission-free solutions.

"We look forward to embarking upon another exciting school project for

Undervisningsbygg. We are very excited to be able to work on such an

environmentally ambitious project. The use of sustainable solutions across all

phases of a construction project is also in line with Veidekke's environmental

ambitions," says Erik Økland, Department Manager for Public Construction

Projects at Veidekke Bygg Oslo.

Start of construction is scheduled for April/May 2020, with completion scheduled

ahead of the start of the 2023 academic year.

For press photos, see www.flickr.com/photos/veidekke, for more information,

contact:

Department Manager Erik Økland, tel. +47 95 05 13 65, erik.okland@veidekke.no

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

helge.dieset@veidekke.no

Veidekke's 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 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. The company is known for its engagement and

local knowledge. Annual turnover is approximately NOK 39 billion and around half

of its 8600 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.