Eiffage S.A.

Regulatory Filings • Sep 15, 2022

Vélizy-Villacoublay, 15 September 2022 17:40

Press release

Eiffage awarded an additional section of the E18 motorway in Norway for an amount of more than €370 million¹

Eiffage, through its subsidiary Eiffage Génie Civil, has just been awarded by Nye Veier³ , a company owned by the Norwegian Ministry of Transport, the contract for the construction of the central section (Parcel 2 between Lanner and Kjørholt) on a stretch of the E18 motorway that will connect the towns of Langangen and Rugtvedt. The amount of the contract is over 3,700 million NOK² (€370 million¹ ).

Eiffage had previously won in December 2020, the contract for Parcel 1 (Langangen / Lanner) and Parcel 3 (Kjørholt / Rugtvedt) of this section of the E18 motorway. The Group's total order intake for this project is therefore now worth over 5,800 million NOK (€580 million¹ ).

This additional design and build phase includes the construction of 10 kilometres of 2x2 lane motorway, largely underground with the excavation of two twin-tube tunnels spanning a total of 7.6 kilometres: the Bjønnås tunnel (2.5 kilometres) and the Grenland tunnel (5.1 kilometres).

The contract follows an 18-month phase of engineering studies carried out exclusively with Nye Veier³ to propose an optimised project both from an environmental point of view in order to limit its carbon footprint, and in terms of construction so as to reduce as much as possible the inconvenience caused to the local residents in this heavily residential area.

As in the previous phase, Eiffage harnessed the expertise and innovative solutions of several of its entities. Eiffage Route's very high-performance GB5® asphalt will be used in particular for the pavement.

Subject to the "Excellent" level of the CEEQUAL system for rating and rewarding the environmental quality of civil engineering projects, the operation will benefit from the progress already achieved on the section currently under construction.

Works on Parcels 1 and 3 are underway with delivery expected in mid-2025. Works on Parcel 2 have just started and are scheduled for completion by early 2026.

¹Exchange rate as of 15 September 2022 of 10 NOK per EUR.

²Contract value signed in Q3 2020.

³Created in 2016, Nye Veier ("New Roads" in Norwegian) is responsible for developing 530 km of roads by 2029 for a total investment budget of nearly 50 billion euros. Norway's National Transport Plan 2018-2029, which represents a budget of €97 billion, covers all transport infrastructure. It sets out ambitious targets for the maintenance and improvement of existing roads and the creation of new sections to reduce nuisances and shorten travel times.

About Eiffage

Eiffage is one of Europe's leading construction and concessions companies. The Group's activities are organised around the following business lines: construction, real estate and urban development, civil engineering, metal, roads, energy and concessions. Thanks to the experience of its 73,500 employees, Eiffage generated revenue of €18.7 billion in 2021, of which 27% was outside France.

About Eiffage Génie Civil

Eiffage Génie Civil is actively involved – from design through to construction – in a large number of structural projects in both France and abroad, notably in Europe and Africa. On a day-to-day basis its teams work on civil engineering structures, civil engineering for infrastructure projects, underground works, offshore and river construction, earthmoving, demolition and decontamination, foundations and structural repairs.

Press contact

Bénédicte Dao Phone: +33 1 71 59 22 28 benedicte.dao@eiffage.com