In the course of the springVeidekke has entered into four new contracts for road maintenance of county roads in inner Agder and southern Sunnmøre. The contracts have a duration of five years plus options for extension. The total contracts value isNOK 605 million excluding VAT. "We're pleased with the results of this year's tender round and look forward to taking over responsibility in the new contracts in September. In partnership with our commissioning parties we will do what we can to ensure that road users experience good and safe driving conditions both in summer and winter on our 24 contracts from Finnmark in the north to Agder in the south," saysKjell Otto Bragstad , director of Veidekke Drift og Vedlikehold. The new contracts enter into force on 1 September. At that pointVeidekke will have responsibility for road maintenance of approximately 11,000 kilometres of national and county roads with annual revenues totalling aroundNOK 1.8 billion excluding VAT. "We have won the new contracts after good processes with thorough risk analyses, which will ensure good implementation capacity and healthy finances in the activities. In addition, there are currently ongoing negotiations on exercising options to extend several of our existing contracts," Bragstad concludes. The road maintenance contracts include routine operational tasks and minor maintenance tasks on the road network (including pedestrian and cycle paths) to ensure safe and efficient traffic and maintain the roads to ensure the desired service life. In practice this means clearing, gritting, salting, tunnels and sign cleaning, maintaining landscape areas, clearing ditches and drains, cleaning roads and rest areas and emergency preparedness in the event of accidents and extreme weather conditions. Client Value Area Duration (and option) Agder county 235 Inner Agder (Åmli) 2024 - 2029 (1 year) municipality Møre og Romsdal 370 Southern Sunnmøre 2024 - 2029 (1-4 years) County Municipality The contract ofNOK 235 million was included inVeidekke's order book for the first quarter and theNOK 370 million for the second quarter of 2024. For further information, please contact: Kjell Otto Bragstad, Director of Road Maintenance, tel. +47 977 47 097, kjell -otto.bragstad@veidekke.no Helge Dieset, Communications Manager of Veidekke, tel. +47 90 55 33 22, helge.dieset@veidekke.no Veidekkes press photos (https://urldefense.proofpoint.com/v2/url?u=https -3A__publish.ne.cision.com_l_rgogvhhfc_veidekke.fotoware.cloud_fotoweb_archives_ 5 028-2DPressebilder-2DVeidekke&d=DwMFAw&c=euGZstcaTDllvimEN8b7jXrwqOf -v5A_CdpgnVfiiMM&r=ovbabqGKDpqANTMEcsMzz-9gUee7B3zUc45MCxMEFGk&m=i -n8T3KMESZQwOxqk -nBbqrnaG4OsY3JhJihjj7WFdg&s=IDvroF98t_qnTa8RmB8ZqNNa6arSSm5M7FH2pjaZjsA&e=) Subscribe to notices from Veidekke (https://urldefense.proofpoint.com/v2/url?u=http -3A__publish.ne.cision.com_l_rgogvhhfc_veidekke.com_no_borsmeldinger_abonner -2Dpa-2Dmeldinger&d=DwMFAw&c=euGZstcaTDllvimEN8b7jXrwqOf -v5A_CdpgnVfiiMM&r=ovbabqGKDpqANTMEcsMzz-9gUee7B3zUc45MCxMEFGk&m=i -n8T3KMESZQwOxqk-nBbqrnaG4OsY3JhJihjj7WFdg&s=DLoCklEaGhEmoSc8K -AtVjORmjflxPt6VFIyRt6vzlM&e=) 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 43 billion , and almost half of its 8,000 employees own shares in the company.Veidekke is listed on theOslo Stock Exchange and has posted a profit every year since its inception in 1936.
Click here for more information
© Oslo Bors ASA, source