Related Party Transaction • May 14, 2019
Related Party Transaction
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Multiconsult is set to deliver consultancy services for County road 47 (Fylkesvei 47) Karmsundgata in Haugesund
Multiconsult Norge AS, as a subcontractor to Risa AS, has been set to deliver
engineering services for Fylkesvei 47 Karmsundgata in Haugesund municipality in
Norway for the Norwegian Public Roads Administration Region West (Statens
vegvesen Region Vest). The value of the contract for Multiconsult is NOK 23
million. Work will begin during summer 2019 and the majority is planned to be
completed within 2020.
The total length of Fylkesvei 47 Karmsundgata is approximately 1.3 km and
includes three major crossings and several large constructions. The project will
be carried out model-based and Multiconsult will deliver detailed engineering
services within all disciplines related to road construction, except electric
and road lighting.
Multiconsult is very pleased to be set for the project and the close
collaboration with Risa AS throughout the bidding phase where the two companies
together, as turnkey contractor and engineering consultant, have developed and
reached preferred solutions.
The contract is subject to a standstill period that expires on 20 May 2019.
For further information, please contact:
Investor relations:
Mirza Koristovic, Head of Investor Relations
Phone: +47 93 87 05 25
E-mail: [email protected]
Media:
Gaute Christensen, VP Communications
Phone: +47 911 70 188
E-mail: [email protected]
ABOUT MULTICONSULT
Multiconsult is a leading Norwegian multidisciplinary engineering consulting
company, with more than 2 900 employees and 39 offices in Norway and abroad. The
Company focuses on seven business areas: Buildings & Properties, Transportation,
Renewable Energy, Oil & Gas, Industry, Water & Environment and Cities & Society.
The Company has an operating history that spans more than a century, with the
inception of Norsk Vandbygningskontor in 1908.
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