Veidekke

Earnings Release • Nov 29, 2023

Veidekke: Building a pedestrian and cycle path in Ski

Veidekke: Building a pedestrian and cycle path in Ski

Veidekke's subsidiary Leif Grimsrud AS has been commissioned by Viken County

Council to build a 1.2 kilometre pedestrian and cycle path with associated

infrastructure between Stenfelt and Greverud in Nordre Follo municipality. The

value of the contract is NOK 140 million excluding VAT.

In addition to the construction of the new pedestrian and cycle path, the

project includes remediation of county road 152 with several intersections and

side roads, as well as upgrading municipal water and sewer lines in the area.

The project will contribute a good interconnection to other pedestrian and cycle

paths and with local roads at Greverud center and Oppegård station.

"We are very pleased to be chosen to carry out this assignment. Improving

traffic conditions on the county road is important to many, and not least

improving safety for pedestrians and cyclists in an area with a high volume of

school and kindergarten traffic. This is a large and important commission for

the many road users and for us, and we are grateful to Viken county municipality

for the confidence they have shown in us," says general manager Magnar

Kristiansen with Leif Grimsrud AS.

Construction work starts immediately after the turn of the year and the

construction time is scheduled for 24 months. The commission is included in

Veidekke's order book for the fourth quarter.

Read more about the project here (https://viken.no/tjenester/vei-og

-kollektiv/fylkesvei/veiprosjekter/veiprosjektartikler/fv-152-skiveien-stenfelt

-greverud.22795.aspx).

For further information, please contact:

General manager Magnar Kristiansen of Leif Grimsrud AS, tel.: +47 99 28 24 76,

magnar.kristiansen@leifgrimsrud.no

Communications Manager Helge Dieset of Veidekke, tel. +47 ?90 55 33 22,

helge.dieset@veidekke.no

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Veidekke is one of Scandinavia's biggest 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. Annual turnover is approx. NOK 39

billion, and almost half of its 8,000 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.