Peab Builds Parking Garage In Oslo

The customer is IT Fornebu, and the contract amounts to 350 million Norwegian kroner.

The parking garage will be built in conjunction with Statoil's new headquarters at the defunct airport Fornebu in central Oslo. The building will be constructed in three floors underground and have approximately 1 600 parking spaces and storage space.

Work will start in March 2010 and is expected to be finished in spring 2011.

About Peab

Peab is one of the leading construction and civil engineering companies in the Nordic countries with a net sale exceeding SEK 35 billion and approximately 13,000 employees. The Groups subsidiaries have strategically located offices in Sweden, Norway and Finland. The share is listed on NASDAQ OMX Stockholm. The registered office of the Group is at Förslöv, Skåne in south of Sweden.