Veidekke

Regulatory Filings • May 26, 2020

Veidekke ASA: To reconstruct stretch of E20 highway for Swedish Transport Administration

Veidekke ASA: To reconstruct stretch of E20 highway for Swedish Transport Administration

Veidekke has been commissioned to reconstruct the E20 highway between Vårgårda

and Ribbingsberg, as the Swedish Transport Administration decided to exercise

the option in an existing collaborative design and build contract. The option

contract has a value of approx. SEK 378 million.

The current nearly 8 km stretch of the E20 will be reconstructed to highway

standard, with a road divider, 2+2 lanes and a 100 km/h speed limit. The project

involves expanding the existing road and construction of a new section of road.

"We are very happy to be able to exercise the option. The project is part of the

eagerly awaited expansion of the E20 through Västra Götaland, where several

regional players have contributed partial financing. We hope that the highly

collaborative implementation of the project will provide savings in the

construction phase," says Marita Karlsson, project manager at the Swedish

Transport Administration. "Collaboration with Veidekke has gone smoothly, and we

are excited to be bringing such an innovative project to the finish line."

This is the very first time the Swedish Transport Administration has entrusted

the contractor with responsibility for developing a proposal for zoning plans

and localisation of the road. Since 2016, when the contract was entered into,

Veidekke has produced consultation documentation and documents including

localisation, and has prepared proposals for a zoning plan, which is now ready

for adoption. Construction documentation is currently ongoing, with construction

expected to start in early 2021, at which time the legal processing of the

zoning plan is expected to be completed.

"To date, our collaboration has been a success, and, by employing lean

construction methodology, we have been able to efficiently utilise the expertise

of every party. A major advantage of this procurement method is that we have

become well acquainted with the project and its circumstances. This has been

crucial in deciding the localisation of the new road, with design and adaptation

to the precious natural and cultural environments impacting heavily on the

choices made. We were also able to address work environment issues from an early

stage on, and, together with Markera and the Swedish Transport Administration,

we have conducted several meetings to address various risks in the project,"

says Fredrik Indevall, construction manager at Veidekke Civil Engineering in

Sweden.

The project also comprises:

· a local road running parallel to the majority of the route, to eliminate

intersections and enable continuous pedestrian/cycling opportunities along the

E20

· an intersection with on and off ramps north of road 2504

· noise impact protection, separate-plane pedestrian/bicycle crossings,

wildlife protection measures, road emergency lay-bys and a rest area

· wildlife bridge across the E20

· road 2504 bridge across the E20

· new E20 bridge over the Nossan river

· 4 frame bridges under the E20

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/)

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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. Its annual turnover is NOK 39 billion, and half of its 8,600

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.