USD1.07 billion Contract awarded for Road PPP project in Norway
The Norwegian Public Roads Administration (NPRA) has awarded Skanska, a NOK 11.4 billion (US$1,073 million) contract for the design and construction of the E10/rv. 85 road project in northern Norway.
The contract pertains to the E10/rv. 85 Tjeldsund - Gullesfjordbotn - Langvassbukt, which forms a crucial transportation link connecting Lofoten, Vesterålen, Harstad/Narvik Airport, and the E6. The project encompasses the construction and operation of approximately 82 km of new road, featuring 7 new tunnels and 22 bridges. Aside from enhancing road safety, this initiative will also reduce travel distances and shorten travel times.
Preparatory work has already commenced, and the construction phase of the project is projected to span a duration of approximately 5.5 years. Skanska has further secured a contract for operations and maintenance services of the completed road for a term of 15 years worth NOK 1.0 billion (US$94 million).
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June 19, 2023
USD432 million Contract signed for Highway PPP Project in Norway
Skanska has signed a NOK4.6 billion (US$432.13 million) contract with the Norwegian Road Authority (NPRA) to build a stretch of the E18 highway in Oslo, Norway.
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October 17, 2022
USD3.9 billion Infrastructure fund invests in renewable energy platform
DIF Capital Partners has announced its investment in Qair, a renewable energy platform company, through DIF Infrastructure VII fund.
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March 18, 2022
Financial closure achieved for USD2.22 billion road network PPP project in Norway
Webuild, part of Sotra Link AS, has announced financial closure on 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.
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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).
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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.
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