2013-03-13 14:37:52 -

Veidekke Entreprenad has been awarded a new construction contract in conjunction
with rehabilitation of the Lidingöbanen tram line outside Stockholm. The
principal is Trafikförvaltningen, and the contract is worth approximately SEK
200 million excl. VAT.

 Lidingöbanen is a 9 km tram line from Torsvik to Gåshaga Brygge. It is to be
upgraded for new cars and greater capacity, and will be linked to Stockholm's
remaining network. Veidekke is to build a new double track on parts of the line,
rebuild and move several stations and undertake a number of other construction
tasks and groundwork.

"In late February Veidekke was awarded a contract for ground and concrete work
for a new tram­ depot at Lidingö worth SEK 150 million. We are obviously very
satisfied on winning a new contract for Trafikförvaltningen, and   view this as
confirmation that our collaborative model is preferred. We look forward to
contributing in an important project that simplifies and enhances travel for
those using public transport," says Project Manager Anders Bergsten with
Veidekke Entreprenad Anläggning Öst.


Construction will start in August, test runs will start in September 2014 and
the track will be put into operation from December 2014.


For more information please contact:
Marcus C Nilsson, Regional Manager, Veidekke Entr. Anläggning Öst,
+46 768 40 05 56, Marcus.Nilsson@veidekke.se
Anders Bergsten, Project Manager, Veidekke Entr. Anläggning Öst,
+46 768 40 11 66, Anders.Bergsten@veidekke.se
Communications Manager Helge Dieset, tel. +47 21 05 77 91 / +47 90 55 33 22,
helge.dieset@veidekke.no


Veidekke is one of Scandinavia's leading contractors and property developers
with a turnover of 20 billion (2012) and 6,300 employees. Activities include
building and construction projects, residential developments, asphalt plants,
gravel and 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 characterised by a
strong corporate culture with employee involvement and co-ownership as important
cornerstones. More than half of the employees are co-owners, holding around 20%
of the Group'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 pursuant to section
5-12 of the Norwegian Securities Trading Act.

Illustration: 
 hugin.info/172/R/1685017/551925.pdf



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Source: Veidekke ASA via Thomson Reuters ONE
[HUG#1685017]