Veidekke

Regulatory Filings • Mar 15, 2019

Veidekke ASA: Wins NOK 1.1 billion contract in Bærum

Veidekke ASA: Wins NOK 1.1 billion contract in Bærum

Bærum municipality and Veidekke have signed a contract to build Oksenøya centre

at Fornebulandet. The centre will have a very strong environmental profile and

will include a large elementary school, a kindergarten, a sports facility and an

assisted living and care centre. The contract, which was won in a price and

design competition, is valued at more than NOK 1.1 billion excluding VAT.

"We are extremely pleased we and our partners won the competition to build

Oksenøya centre and are grateful for the confidence shown in us. This will be a

very special community centre where Bærum municipality will combine several

functions for the young and elderly at the same site for unique interaction

between the various buildings. At the same time, the project has very high

ambitions in terms of sustainability and the environment, and this is something

we really appreciate," says Erik Økland, head of department for public projects

with Veidekke Bygg Oslo.

The elementary school will accommodate 1,050 pupils, the kindergarten 300

children and the assisted living and care centre will have 150 spaces. The

sports facility will have a multi-purpose hall the size of a handball court and

a separate section for gymnastics, a community facility with a size 9 artificial

turf field and two sensory gardens for the elderly in the living and care

centre.

The project will be implemented as an ideal environmental project (FutureBuilt),

and aims to reduce greenhouse gas emissions by at least 50% in transport, energy

and material use. The project will be certified in accordance with the BREEAM

-NOR Outstanding class, which is the highest level that only a handful of

projects have achieved in Norway.

Now the project will undergo detailed planning in the pre-project phase in close

cooperation with Bærum municipality and their user groups. Construction work

will start at the 2019/2020 turn of the year, and completion is estimated to be

the spring of 2022 for the school and kindergarten, while the living and care

centre will be completed in December 2022.

More information on the project is available here:

https://www.baerum.kommune.no/politikk-og-samfunn/barum-2035/smart

-kommune/oksenoya-senter/

For more information, contact:

Head of department Erik Økland, tel. +47 950 51 365, erik.okland@veidekke.no

Communications Manager Helge Dieset, tel. +47 905 53 322,

helge.dieset@veidekke.no

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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. Annual turnover is approx. NOK 36 billion, and around half of

its 8600 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.