21 Mar 2023 08:00 CET

Issuer

AF Gruppen ASA

AF Gruppen has entered into an agreement with Statsbygg regarding the
preparation of a new flood tunnel and the establishment of a seawater energy
supply for the new Museum of the Viking Age. The contract is a collaborative
contract valued at approx. NOK 110 million, excluding VAT.

The project is underway to establish piling pits for rough hole drilling of
rock. In the flood tunnel, PE (polyethylene) water pipes will be laid, making
sure that the stormwater and water/glycol will be carried between the museum
site and the bay Langviksbukta. Down in the bay, a process plant will be
established that regulates the temperature between the seawater from the Oslo
Fjord and the water/glycol that is sent up to the museum.

- Together with Statsbygg, we have identified the possibility of combining a
flood tunnel with the establishment of seawater energy. This is an innovative
and sustainable solution that also helps ensure the safety of the ships. We look
forward to continuing the good collaboration with Statsbygg, says Eirik Wraal,
EVP of AF Gruppen.

Construction started in February 2023, with completion in the second quarter of
2024.


For further details, please contact:
EVP Building, Energy and Environment: Eirik Wraal, tel.: +47 905 73 975
CEO: Amund Tøftum, tel.: +47 920 26 712


Source

AF Gruppen ASA

Provider

Oslo Børs Newspoint

Company Name

AF GRUPPEN

ISIN

NO0003078107

Symbol

AFG

Market

Oslo Børs