Veidekke Entreprenør has agreed on yet another building contract with Tjuvholmen Utvikling AS. The building will include homes and commercial premises, and the value of the contract is NOK 90 million excluding VAT. Since 2005 Veidekke has taken on building contracts at Tjuvholmen for more than NOK 1 billion excluding VAT.

Veidekkes work at the water's edge at Tjuvholmen started in 2005 with extensive foundation work and the construction of a parking cellar. The next assignment was the excavation and casting of walls for the canal that runs through the area. Thereafter there was a nine-storey office and commercial building, then two eight- and nine-storey buildings that are currently under construction. Here there will be commercial premises on the ground and first floors and flats in the remainder.

The new contract is a turnkey contract to build an eleven-storey building. This building will also have commercial premises on the ground and first floors and flats in the remainder. The building will be built of in situ concrete with brick façades. Work starts in the middle of March, and is to be completed in October 2013.

For more information please contact:
Project manager Kristoffer Jansen, Veidekke Entreprenør AS, tel. +47 950 31 365, kristoffer.jansen@veidekke.no:
mailto:kristoffer.jansen@veidekke.no 
Communications Manager Helge Dieset, tel. +47 21 05 77 91 / +47 90 55 33 22, helge.dieset@veidekke.no:
mailto:helge.dieset@veidekke.no
Project manager Trond Erik Sveen, Tjuvholmen Utvikling AS, tel. +47 971 95 177, tes@tjuvholmen.no:
mailto:tes@tjuvholmen.no

Veidekke is one of Scandinavia's largest contractors with 6,100 employees and a turnover of NOK 16.3 billion (2010). Activities include building and construction projects, residential developments, asphalt plants, gravel and aggregates and road maintenance. Our values are professional, honest, enthusiastic and pioneering. Our goals for health, safety and the environment, HSE, have equal status with our financial goals.  Veidekke is characterized by a decentralized organizational model with a strong corporate culture and a high degree of employee involvement. Over half the employees are co-owners, holding almost 20% of Veidekke's shares between them. The company is listed on the Oslo Stock Exchange and has never declared a loss since it was founded in 1936.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Tjuvholmen:
http://hugin.info/172/R/1579672/493122.pdf


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Source: Veidekke ASA via Thomson Reuters ONE
HUG#1579672