Jul 6 2010
Skanska has been contracted to expand the railway network in Norway. The contract amount is NOK 392 M, about SEK 470 M, which will be included in third-quarter order bookings. The customer is the Norwegian National Rail Administration.
The contract relates to a 3.4-kilometer expansion of double track railway in Vestfold, southwest of Oslo. A 1.8-kilometer section will comprise tunneling, and about 800 meter associated service tunnels. Work will commence immediately and is scheduled for completion in June 2014.
The project is part of a 12-kilometer expansion of the Vestfold Line, which will be carried out in five phases. The Vestfold Line tunnel will be the first in Norway that is designed for train speeds of up to 250 kilometers per hour.
Skanska Norway focuses on construction and civil engineering operations. The unit has approximately 4,100 employees. In 2009, Skanska Norway reported revenue of about SEK 11 billion. In Norway, Skanska is also active in the development of housing projects and public-private partnerships.
Source: http://www.skanska.com/