Veidekke

Regulatory Filings • Dec 27, 2022

Veidekke: Maintenance work for Bane NOR

Veidekke: Maintenance work for Bane NOR

Veidekke has won the commission to strengthen the power supply for trains on the

railway section between Sandvika and Drammen for Bane NOR. The contract is

valued at NOK 160 million excluding VAT.

New trains and more frequent departures require higher capacity from the power

supply to the railway network, and now the Asker railway from Sandvika westwards

will be upgraded. The commission awarded to Veidekke will contribute to greater

regularity to the benefit of the many train passengers in the years ahead.

"We are grateful for the confidence shown in us and for yet another great

commission for Bane NOR. The work will be carried out at night so that there

will be minimal disruptions for passengers on this very busy section, which

means high demands on planning and safety. The commission will involve a high

degree of interdisciplinarity, which suits us well," says Magnus S. Kristensen,

Manager of Veidekke Bane.

"Bane NOR is very satisfied with the competition and looks forward to a good

collaboration. We will emphasize the importance of HSE at all stages, not least

in relation to everything to do with live installations", says project manager

Rune Olsen at Bane NOR.

Construction starts in February, with completion scheduled for 2025. The

commission is included in Veidekke's order book for the fourth quarter of 2022.

For further information, please contact:

Manager of Veidekke Bane Magnus Sutherland Kristensen, tel. +47 92 22 90 81,

magnus.kristensen@veidekke.no

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

helge.dieset@veidekke.no

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Veidekke is one of Scandinavia's largest construction companies. The company

undertakes all types of construction and civil engineering contracts, 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.