Veidekke to build parking facility in Arendal

Veidekkes Entreprenør AS has entered into a contract with Pollen P-hus AS to build a parking facility for 510 cars in the hill between Pollen and Barbu in the centre of Arendal. The value of the contract is NOK 103 million excluding VAT.
Two caverns totalling 52,000 m(3) are to be blasted along with accompanying access tunnels for entry and exit from Barbu, as well as a pedestrian tunnel from the caverns to Pollen. The blasting work will take place during daytime between 0600 and 2200.

The Pollen parking facility will be built with two floors in each cavern. The contract is a turnkey contract, and will be carried out as a complete, finished structure including planning and structural and technical installations.

Work will be carried out by Veidekke Entreprenør AS in cooperation with subsidiary Br. Reme AS. Work has already commenced, and the facility is to be completed in November 2012.

An option for a second building stage 2 with expansion for a total of 900 cars may be invoked at a later date.

About Veidekke

Veidekke is one of Scandinavia's largest contractors with 6,100 employees and a turnover of NOK 16.3 billion (2010). Activities include building and construction projects, residential developments, asphalt plants, gravel and aggregates and road maintenance. Our values are professional, honest, enthusiastic and pioneering. Our goals for health, safety and the environment, HSE, have equal status with our financial goals.  Veidekke is characterized by a decentralized organizational model with a strong corporate culture and a high degree of employee involvement. Over half the employees are co-owners, holding almost 20% of Veidekke's shares between them. The company is listed on the Oslo Stock Exchange and has never declared a loss since it was founded in 1936.
Veidekkes Entreprenør AS
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