Nordic Business Report-August 24, 2006-Veidekke ASA wins new heavy construction contracts worth NOK272m
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The Norwegian construction group Veidekke ASA said on Thursday (24 August) that its unit Veidekke Entreprenor AS has won new heavy construction contracts for a total of NOK272m.
The Norwegian road administration Statens vegvesen awarded a NOK180m contract to renovate the subsea tunnels from Alesund to Ellingsoy and Valderoy.
The regional energy utility Sjofossen Energy AS awarded a NOK92m contract to build the Reinskar hydro-electric power plant in Gildeskal. The contract also includes dam renovation and the building of a three-kilometre tunnel system.
One Norwegian krone (NOK) is worth approximately 0.09 British pounds (GBP).
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