Skanska to construct motorway extension in Norway, for NOK 1.6 billion, about SEK 1.7 billion
Skanska has signed a contract with the Norwegian Road Administration to extend the E18 motorway at Larvik between Bommestad and Sky in Norway. The contract is worth around NOK 1.6 billion, about SEK 1.7 billion, and will be included in order bookings for Skanska Norway for the first quarter of 2014.
The expansion extends about six kilometers and includes tunnels, concrete culverts and a bridge over the E18.
Work will begin in May 2014 and is scheduled to be completed July 1, 2017.
Skanska Norway focuses on construction and civil engineering operations. The unit has approximately 4,500 employees. In 2013, Skanska Norway reported revenue of SEK 14.3 billion. In Norway, Skanska is also active in the development of residential, commercial properties and public private partnerships (PPP) projects.