Skanska and Strabag for Norwegian tunnel
08 May 2014
A joint venture between Skanska and Strabag has been selected by the Norwegian Rail Administration to build a railway tunnel in Norway, with a total contract value of NOK1.3 billion (€159.4 million).
Swedish-based Skanska said its share was NOK650 million (€79.7 million), which would be included in order bookings for Skanska Norway for the second quarter of 2014.
The tunnel is a part of the large railway extension at Arna-Bergen and it is claimed to be the first railway tunnel in Norway constructed with a tunnel boring machine (TBM).
Work is due to begin in June 2014 and is expected to be completed during the summer of 2021.
In 2013, Skanska Norway reported revenue of SEK14.3 billion (€1.6 billion). In Norway, Skanska is also active in the development of residential, commercial properties and public-private partnerships (PPP) projects.
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