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Wednesday, May 23, 2012  
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Veidekke to build parking facility in rock cavern at Sotra

Today Straume Parkering AS signed a contract with Veidekke Entreprenør AS to build 1,500 spaces in the rock beneath the Sartor Senter. This is a turnkey contract with a value of NOK 327 million excluding VAT.

The facility will consist of two parallel caverns with a length of approx. 250 metres and parking over four levels. This will be carried out in combination with in situ and prefabricated concrete elements. In addition to access tunnels, four large shafts will be built with stairs and lifts for vertical transport with direct access to the shopping centre and a new future square.

"This is an important contract for Veidekke Entreprenør, and it is particularly pleasing that a customer that we have worked for since 1978 shows us renewed confidence," says district manager Lars Rune Folkedal.

Work starts at the end of March 2012, and is to be completed in November 2014.

For more information please contact:
General Manager Ernst Einarsen, Straume Parkering AS tel +47 959 13 088, ernst@sartorholding.no
District manager Lars Rune Folkedal of Veidekke Bergen, tel. +47 913 4 69 78, lars-rune.folkedal@veidekke.no
Project Manager Trygve Slåke of Veidekke Bergen, tel +47 918 08 390, trygve.slake@veidekke.no
Communications Manager Helge Dieset of Veidekke, tel. + 47 21 05 77 91 /+47 90 55 33 22, helge.dieset@veidekke.no

Veidekke is one of Scandinavia's largest contractors with 6,100 employees and a turnover of NOK 16.3 billion (2010). Activities include building and construction projects, residential developments, asphalt plants, 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 employeeinvolvement. 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 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

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Copyright © Thomson Reuters 2012. All rights reserved.
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