Skanska’s wholly owned subsidiary Vassbakk & Stol has signed a contract with the Norwegian Road Administration (Statens vegvesen) on a turnkey contract in connection with the road FV 544 in Bømlo, Norway. The contract value is NOK 297 M, about SEK 324 M, which will be included in order bookings for Skanska Norway for the fourth quarter of 2014.
The project includes construction of roads, intersections, and a terminal for public transport.
Construction will start in November 2014 and is expected to be completed in July 2017.
Skanska Norway focuses on construction and civil engineering operations. The unit has approximately 4,500 employees. In 2013, Skanska Norway reported revenue of SEK 14.3 billion. In Norway, Skanska is also active in the development of residential, commercial properties and public private partnerships (PPP) projects.