Veidekke: New road maintenance contracts worth NOK 2 billion

23 Jun 2025 08:55 CEST

In the course of the first six months of the year, Veidekke has entered into
three new contracts for the operation and maintenance of national and county
roads. In addition, options have been redeemed for the extension of four ongoing
contracts. The total contract value is NOK 1.950 billion excluding VAT.

"We're pleased with the results of this year's tender round and are looking
forward to taking over responsibility in the new contracts from September. In
addition, we are very pleased to have been given renewed trust in four of our
ongoing contracts that were nearing the end," says director Kjell Otto Bragstad
with Veidekke Road Maintenance.

New contracts from September 1:

Client Area Duration
Norwegian Public Roads Administration Trøndelag north 2025 - 2030
Troms County Council Mid-Troms 2025 - 2030
Troms County Council Inner Troms 2025 - 2030

In addition, Møre og Romsdal, Vestland and Trøndelag county municipalities have
chosen to use options to extend four previously concluded contracts.

Veidekke will thus be responsible for the operation and maintenance of around
13,000 kilometres of national and county roads, including pedestrian and cycle
paths. Annual revenue from this part of Veidekke's business amounts to around
NOK 2 billion excl. VAT.

"Together with our clients and local partners, we will do what we can to ensure
that road users experience good and safe driving conditions - summer and winter
- in our 24 contract areas from Finnmark in the north to Agder in the south,"
Bragstad concludes.

The contracts include routine operational tasks and minor maintenance tasks on
the road network to ensure safe and efficient traffic and maintain the roads to
ensure the desired service life. The key tasks are clearing, gritting, salting,
tunnel and sign cleaning, maintaining landscape areas, clearing ditches and
drains, cleaning roads and rest areas and emergency preparedness in the event of
accidents and extreme weather conditions.

Of the new contracts and redeemed options, NOK 950 million was included in
Veidekke's order book in the first quarter and NOK 1 billion will be included
the second quarter of 2025.

For further information, please contact:

Director Kjell Otto Bragstad, Veidekke Road Maintenance, tel. +47 977 47 097,
kjell-otto.bragstad@veidekke.no

Communications Manager Helge Dieset, Veidekke, tel. +47 90 55 33 22,
helge.dieset@veidekke.no

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Veidekke (http://www.veidekke.com/) is one of Scandinavia's largest contractors.
In addition to undertaking all types of building and civil engineering
assignments, the group also maintains roads and produces asphalt and aggregates.
Veidekke emphasises stakeholder involvement and local experience. Its annual
turnover is approximately NOK 41 billion, and half of its 8,000 employees own
shares in the company. Veidekke is listed on the Oslo Stock Exchange and has
posted a profit every year since its inception in 1936.

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