Financial closure achieved for USD2.22 billion road network PPP project in Norway
Webuild, part of Sotra Link AS, has announced the financial closure of the Sotra Connection PPP Project. The project includes financing, design, construction and multi-year maintenance of a network of roads, tunnels and bridges in western Norway.
The network to be built will include more than 9 km of highway and a suspension bridge of 30 m in width and 900 m long including access ramps, and towers 144 meters high. There will also be a total of 12.5 km of primary and secondary tunnels, as well as road and pedestrian underpasses, tunnel portals, smaller bridges and viaducts, and pedestrian and bicycle paths.
The design and construction of the project will be done by an international consortium of builders including Webuild with a 35% stake, FCC Construcción with 35%, and SK ecoplant with 30%. The entire contract is being led by Sotra Link AS, with Webuild holding a 10% stake, Macquarie Capital with 70% and SK ecoplant at 20%. Sotra Link AS will be responsible for the operation and maintenance of the network for 25 years after it opens to traffic in 2027.
The combined total value of the contract is NOK19.8 billion (US$2.22 billion). The project intends to improve mobility between Bergen and the island of Sotra on the west coast.
Country news
-
-
May 13, 2020
Three teams shortlisted for road PPP megaproject in Norway
The Norwegian Public Roads Administration (Statens vegvesen) has qualified three consortia for the next phase of the tender process for Rv 555 Sotrasambandet PPP project (the Sotra connection). The companies are further invited to the clarification and tender phase for the contract on the PPP project. The contract for Sotrasambandet has an estimated value of around NOK 17 billion (USD 1.1 billion).
Read more -
March 12, 2020
Four teams bid for the largest transport PPP in Norway
Norwegian Public Roads Administration (Statens Vegvesen) has announced the names of the members of consortia that expressed their interest in RV 555 Sotrasambandet PPP project (the Sotra Connection), the largest transport project in Norway.
Read more -
January 29, 2020
High interest in Norway’s largest transport project
Around 130 people from Norway and abroad attended the information meeting about the largest individual contract within transport and communications in the history of Norway, with an investment value of NOK 10 billion (USD 1.11 billion) - Rv 555 Sotra Connection. The information meeting showed that both the Norwegian and the international markets are hungry for this contract.
Read more -
December 30, 2019
Tender launched for major road project in Norway
Norwegian Public Roads Administration (Statens Vegvesen) has launched a tender notice for private developers for the National road 555 Sotrasambandet PPP project (Sotra Connection). The aim of the procurement is to construct a dual carriageway between Storavatnet in Bergen Municipality and Kolltveit in New Øygarden Municipality.
Read more -
December 24, 2019
Tender for road PPP project to be published shortly in Norway
The work to prepare the tender documentation for the Rv 555 Sotrasambandet PPP project (the Sotra connection) is in the final stages and the tender will be published shortly.
Read more
