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Veidekke

Earnings Release Nov 2, 2020

3781_rns_2020-11-02_de41ccbf-707c-47c0-bccf-963ccb39cc36.html

Earnings Release

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Veidekke ASA: Signed contract to expand road in Västerås, Sweden

Veidekke ASA: Signed contract to expand road in Västerås, Sweden

Veidekke has been commissioned by the Swedish Transport Administration to expand

a 14.5 km stretch of road in Västerås, Sweden. The project is an execution

contract with a contract amount of SEK 206 million. Work starts in January 2021

and is scheduled to be completed in November 2022.

To improve safety and navigability, road 56 on the stretch between Kvicksund and

Västjädra in Västerås municipality will be expanded into a 2+1 lanes country

road. Also included in the contract is new lighting and a noise screen.

"We look forward to starting work on the expansion of road 56 and to further

cooperate with the Swedish Transport Administration, which is a partner well

aligned with our focus on safety and collaboration," says Mats Nyström of

Veidekke Sweden.

Work on the 14.5 km section of road will include the excavation of approx.

200,000 cubic metres of soil and laying of approx. 200,000 square metres of new

asphalt. In addition, an existing bridge will be expanded and another bridge

will be equipped with new edge beams and a new dividing beam.

The contract is included in the order book for the current quarter.

For more information, contact:

Mats Nyström, CEO Veidekke Sweden, ph. +46 705 37 12 60

Veidekke 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 contractors. In addition to undertaking

all types of building and civil engineering assignments, the group also

maintains roads and produces asphalt and aggregates. Veidekke emphasises

stakeholder involvement and local experience. Its annual turnover is

approximately NOK 37 billion, and half of its 8,200 employees own shares in the

company. Veidekke is listed on the Oslo Stock Exchange, and has posted a profit

every year since its inception in 1936.

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