Veidekke to build classified road 13 Vatne - Skreppeneset

Veidekke Entreprenør AS has signed a contract with the Norwegian Public Roads Administration to build a new tunnel for classified road 13 from Vatne to Skreppeneset in Strand municipality in Rogaland county. The value of the contract is NOK 268 million excluding VAT. The contract comprises a 3.5 kilometre two-lane tunnel and two open stretches with a total of approx. 1.6 kilometres open road. Concrete portals will be built at both ends of the tunnel, and the contract includes all work in the tunnel, open stretches, pedestrian areas and bicycle paths. The tunnel replaces the current classified road 13 through a landslide-prone area. The contract is a turnkey contract. Work starts in February 2011, and is to be completed in November 2013. For more information about the project: http://www.vegvesen.no/Vegprosjekter/rv13tauhjelmeland For more information please contact: District Manager Kåre Strand, Veidekke Entreprenør AS, tel. +47 900 88 073,kare.strand@veidekke.no Project Manager ktleder Nils Brødsjø, Veidekke Entreprenør AS, tel. +47 951 36 576,nils.brodsjo@veidekke.no Project Manager Odd Magnar Nerland, Norwegian Public Roads Administration, tel. +47 908 37 052,0dd.nerland@vegvesen.no Communication Manager Helge Dieset, Veidekke ASA, tel. +47 21 05 77 91/+47 90 55 33 22,helge.dieset@veidekke.no Veidekke is one of Scandinavia's largest contractors with 6,000 employees and a turnover of NOK 16 billion. Activities include building and construction projects, residential developments, asphalt plants, gravel and aggregates, road maintenance and recycling. 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 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 acc. to §5-12 vphl (Norwegian Securities Trading Act) This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Veidekke ASA via Thomson Reuters ONE [HUG#1481710]