Oslo, Norway – Veidekke’s Swedish subsidiary, Veidekke Anläggning Öst, has been commissioned by Vägverket Region Öst (Swedish Road Administration) to build a section of the Road 73 between between Nynäshamn and Stockholm. This is a turnkey contract at a price of SEK 343 million, VAT excluded.

Veidekke’s contract is for the construction of a new 4-lane section of the motorway between Överfors and Länsmyran. The contract includes 6.3 km of motorway, 9 bridges, connecting local roads and 7.5 km of main water pipes for Stockholm Vatten.

The construction will start in September 2007, and the contract is scheduled for completion by 30 September 2009.

VEIDEKKE ASA
Veidekke ASA is a leading Scandinavian building contractor and property developer with 6,350 employees and an annual turnover of NOK 16.4 billion (2006). Veidekke is listed on the Oslo Stock Exchange. It has a wide group of shareholders and 14% of the shares are held by the company’s employees. The company’s activities cover a large range of building and construction contracts, development of housing and commercial projects for private and public customers, asphalt operations and road maintenance, and collection and recycling of waste.

Veidekke Anläggning Öst AB undertakes road and heavy construction contracts in the Stockholm/Mälardalen area, and carries out major heavy construction contracts within infrastructure in the Middle and North of Sweden. The company undertakes underground work such as road and railway tunnels; construction of hydro electric power plants, industrial plants, bridges, harbours, quays, roads and excavation works.