Skanska to construct tunnel in Norway, for NOK 389 M, about SEK 410 M
Skanska has signed a contract with the Norwegian Road Administration to build the Ljø tunnel in Møre and Romsdal, Norway. The contract is worth NOK 389 M, about SEK 410 M, which will be included in order bookings for Skanska Norway for the first quarter of 2014.
Work will begin in May 2014 and will be completed in October 2016.
Skanska Norway focuses on construction and civil engineering operations. The unit has approximately 4,500 employees. In 2013, Skanska Norway reported revenue of SEK 14.3 billion. In Norway, Skanska is also active in the development of residential, commercial properties and public private partnerships (PPP) projects.