AF Gruppen ASA has signed a target price contract with Avinor for Phase 2 (design and construction). The contract value for Phase 2 is approximately NOK 3,200 million excluding VAT and options. The parties have gone through a collaborative phase to optimize technical solutions and construction implementation, and they have now agreed on Phase 2, which involves the actual construction of the airport.

The project aims to achieve BREEAM Infrastructure certification at the "Very Good" level. The new airport in Mo i Rana will be located in Fagerlia, just east of downtown Mo i Rana. The contract includes all earthworks, runway construction, technical infrastructure, terminal buildings and operational buildings.

The necessary infrastructure such as roads, pedestrian and bicycle paths, and water and sewage systems for the airport are also part of the contract. The work has already begun and is expected to continue until the autumn of 2026.