Veidekke

Earnings Release • May 9, 2022

Veidekke: To build new drainage tunnel for Stockholm Vatten och Avfall AB

Veidekke: To build new drainage tunnel for Stockholm Vatten och Avfall AB

Veidekke has signed a contract with Stockholm Vatten och Avfall AB for the

construction of the new Östberga tunnel, which is part of Stockholm's future

wastewater treatment system. The execution contract has a value of approx. SEK

600 million. The new tunnel is expected to be commissioned in 2026.

The new Östberga tunnel is an environmental improvement project intended to make

Stockholm's wastewater structure more robust and able to handle larger volumes

of wastewater and precipitation.

The project comprises two main parts. First, Veidekke will construct a 2.2

kilometres mountain tunnel for surface water, with two associated service

tunnels, each of approx. 250 metres length. The mountain tunnel will be

outfitted with a cast concrete floor, most of the pipe installations, and steel

hatches to regulate water flow. Secondly, an existing control chamber will be

renovated and upgraded, and approx. 300 metres of new sea pipeline will be

lowered and mounted on seabed piles.

"We appreciate having Stockholm Vatten och Avfall's continued confidence to

build the city's future wastewater treatment system. With its requirements to

collaboration and involvement, the project is a great match for us, says Marcus

Andersson in Veidekke Anläggning Öst.

Read more about Stockholm's future wastewater treatment

system (https://www.stockholmvattenochavfall.se/en/sfa-start/).

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

For more information, contact:

Marcus C Nilsson, konserndirektør, tel. +46 76 840 05 56

Veidekke press photos  (https://veidekke.fotoware.cloud/fotoweb/archives/5028

-Pressebilder-Veidekke/)

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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 38 billion, and half of its 7,800 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.