Major contract for Veidekke at City Lade in Trondheim

Veidekke Entreprenør has been awarded the contract to remodel and build an extension for the City Lade shopping centre in Trondheim for Trondos SA. The project is for a total of 44,000 sqm, and is a turnkey contract. The value of the contract is NOK 342 million excluding VAT.

The project comprises a new parking cellar, in addition to a new building 10,000 sqm in size over two floors. The new structure will built of prefabricated concrete with brick façades. The existing retail areas will be refurbished, and a new mezzanine floor will be established. Following the expansion, the centre will have 70 retail outlets.

Assuming official permission, groundwork will start at the February/March turn of the month, with handover of the extension in September 2013. The remaining areas will be handed over in September 2014.

For more information please contact:

District Manager Ståle Brovold with Veidekke Entreprenør AS, tel. +47 92 44 79 66, stale.brovold@veidekke.no

Project Manager Eirik Moe with Veidekke Entreprenør AS, tel. +47 46 44 33 41, eirik.moe@veidekke.no  

Communications Manager Helge Dieset, tlf 21 05 77 91 / 90 55 33 22, helge.dieset@veidekke.no

Veidekke is one of Scandinavia's largest contractors with 6,100 employees and a turnover of NOK 16.3 billion (2010). 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 characterized by a decentralized organizational model with a strong corporate culture and a high degree of employee involvement. Over half the employees are co-owners, holding almost 20% of Veidekke'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 acc. to §5-12 vphl (Norwegian Securities Trading Act)