Veidekke has been commissioned by Statsbygg to construct basement areas beneath
the new Government Quarter in Oslo. This commission involves the design and
construction of a two storey basement featuring extensive groundworks, concrete
work and technical work. The project is a design and build contract featuring
collaboration and is worth NOK 2.1 billion excluding VAT.

Veidekke signed a collaborative agreement relating to the basement areas with
Statsbygg (the Norwegian Directorate of Public Construction and Property) in
October 2019 and has used the time since then to further develop the project. In
the meantime, Veidekke has got very familiar with the area thanks to its
commissions to demolish two disused government buildings and the construction of
basement areas beneath D block. Completing this building shell is part of the
new commission, in addition to the construction of a new two-storey basement
with a total area of 15,000 m[2] which will be under large swathes of the new
Government Quarter.

'We have had a long and positive collaborative phase together with the Norwegian
Directorate of Public Construction in which we have developed the project and
planned to ensure an optimised construction period. This commission is a very
good fit with our expertise relating to civil engineering and construction
incorporating extensive groundworks, the construction of concrete structure and
the management of technical subcontractors. We are grateful for the vote of
confidence and look forward to continuing on the journey to rebuild the
Government Quarter,' says Øivind Larsen, Executive Vice President at Veidekke
Infrastruktur.

Construction work is scheduled for completion by February 2025. Read more about
the new Government Quarter here (in Norwegian):
https://www.statsbygg.no/prosjekter-og-eiendommer/nytt-regjeringskvartal


For more information please contact:
Øivind Larsen, Executive Vice President of Veidekke, tel. +47 90 58 23 51,
oivind.larsen@veidekke.no
Neal Nordahl, Director of Veidekke Anlegg, tel. +47 90 92 44 64,
neal.nordahl@veidekke.no
Helge Dieset, Communications Manager of Veidekke, tel. +47 90 55 33 22,
helge.dieset@veidekke.no

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Veidekke is one of Scandinavia's largest contractors. The company undertakes all
types of construction and civil engineering contracts, maintains roads, and
produces asphalt and aggregates. Veidekke emphasises stakeholder involvement and
local experience. Its annual turnover is approx. NOK 38 billion, and around half
of its 8,100 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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