AF Gruppen (AFG) is nominated by Sporveien as contractor for civil works for a
new subway line from Bryn Station to Hellerud Station at the Østensjø line in
Oslo. 

The work will be performed in Oslo and encompasses a tunnel to Hellerud Station,
two new bridges and ground works for about 1,5 kilometres new subway line. 

Construction will commence in fourth quarter in 2021 with expected completion
autumn 2023. The contract also includes an option with completion summer 2024.
The contract has an estimated value of NOK 360 million excl. VAT. There is a 10
day appeal deadline (waiting period).

"We are pleased to contribute to the subway renewal works that will improve the
public transportation offering in Oslo. At current, we have two ongoing projects
for Sporveien, and we greatly appreciate the renewed confidence on a new and
exciting project", says Geir Flåta, Executive Vice President of AF Gruppen. 


For further information: 

Geir Flåta, EVP Civil Engineering for AF Gruppen, tel.: +47 994 01 510
Amund Tøftum, CEO for AF Gruppen, tel.: +47 920 26 712

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© Oslo Bors ASA, source Oslo Stock Exchange