Veidekke

Veidekke ASA: To carry out protective work on Lovön, Stockholm

Veidekke has been awarded the contract by the Swedish Transport Administration

to carry out so-called protective work, above and below ground, for a limited

time on Lovön's two tunnel contracts, which are a part of Förbifart Stockholm.

The contract will be carried out on an ongoing basis with an estimated volume of

SEK 100 million.

In March the Swedish Transport Administration decided to terminate the contract

with the contractor building the tunnel sections on Lovön. Veidekke has now been

tasked with carrying out so-called protective work above and below ground on

Lovön's tunnel contracts in order to hand over a working, safe and well

-maintained workplace to the contractor who will complete the project.

Protective work includes completing reinforcement work, removing material,

carrying out asphalting and completing documentation.

"It is very pleasing to be selected to carry out the protective work on Lovön.

At the same time we have great responsibility to perform as good work as

possible so the next contractor has the best assumptions to complete the

project," says Konstantin Spinos, site manager at Veidekke Anläggning Öst.

Work will be carried out within the framework of an execution contract where

compensation will be on an ongoing basis and with a high level of collaboration

with the Swedish Transport Administration. The procurement is a negotiated

procedure without prior advertising in accordance with the Act relating to

public procurements, with a so-called exemption procedure with regard to the

extreme urgency in starting the protective work.

"We always strive to establish well-functioning collaboration between all

parties in the project through our involving working method. This allows us to

work safely and efficiently and deliver the right quality at the right time,"

says Marcus Andersson, regional manager of Veidekke Anläggning Öst.

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

contact:

Jimmy Bengtsson, EVP/Country manager Veidekke Sweden, ph. +46 070-537 91 10

Konstantin Spinos, site manager, Veidekke Anläggning Öst, tel. +46 073-355 99 24

Marcus Andersson, regional manager Veidekke Anläggning Öst, tel. +46 070-334 88

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 involvement and

local knowledge. Its annual turnover is NOK 32 billion, and half of its 8,000

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.

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