Veidekke

Regulatory Filings • Dec 15, 2023

Veidekke: NOK 1.3 billion commission for Oslobygg

Veidekke: NOK 1.3 billion commission for Oslobygg

Oslobygg KF has entered into an agreement with Veidekke today to build Økern

school in eastern Oslo. The commission involves the construction of a new lower

secondary school with a multipurpose hall and kindergarten. The contract is a

design and build contract valued at approx. NOK 1,3 billion excluding VAT.

"We greatly appreciate the good partnership we have had with Oslobygg so far in

the project. A year's interaction has given us confidence that this will be a

great project for all parties, not least for the pupils, children and staff who

will use the buildings. Good schools and kindergartens provide significant

benefits for local communities, so we are really looking forward to building

this. We are grateful for the confidence shown in us," says department manager

Marianne Wille Haugen with Veidekke Bygg Oslo.

The project's total area will be close to 17,500 m[2]. The lower secondary

school will be built for eight parallel classes and up to 840 pupils, while the

kindergarten will have a capacity of 140 children in its eight sections. The

multipurpose hall with three playing surfaces, an activity hall for dance and

stands with 250 seats will be used by the school during the day and for sports

and leisure activities in the evenings and weekends.

The school facility will be unique and modern with high architectural quality,

and special emphasis has been placed on creating good indoor and outdoor social

meeting grounds. A number of measures have been taken to reduce the greenhouse

gas footprint, not least with regard to energy consumption and choice of

materials in the project.

Construction starts in January, with completion scheduled for the start of the

school year in August 2027. The commission is included in Veidekke's order book

for the fourth quarter.

Read more about the project here. (https://www.oslo.kommune.no/slik-bygger-vi

-oslo/okern-torg/)

For further information, please contact:

Head of Department Marianne Wille Haugen, Veidekke Bygg Oslo, Tel. +47 91 57 77

30, marianne.haugen@veidekke.no

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

helge.dieset@veidekke.no

Veidekkes press photos (https://urldefense.proofpoint.com/v2/url?u=https

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Veidekke (http://www.veidekke.no)  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. 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.