The Norwegian Public Roads Administration (NPRA) is working to clarify risks that may affect contract negotiations about the PPP project Rv555 Sotrasambandet (the Sotra Connection). This means that the scheduled time for starting the tender process must be revised. The NPRA will return with a revised schedule before summer.
Rv555 Sotrasambandet (the Sotra Connection) is the second project in Norway´s road PPP programme. The project will lie in Hordaland County. It will become the new main land connection between Sotra/Øygarden and Bergen and will ensure efficient transport to urban centres and urban districts, and to main roads, railway, airport and sea transport. Expected investment of the project is NOK7.5 – 8.5 billion (US$860 - 975 million).
The Sotra Connection is a highly complex project, NPRA needs further clarifications with regard to changes to the zoning plan for Storavatn in Bergen and realignment of high-voltage power lines.
The Press release published by the NPRA says that: ¨the fact that the Sotra Connection is a PPP project means that the NPRA will sign a contract with one company that assumes a single-point responsibility for construction, operation and financing. The key to a good contract with the right market price is in-depth knowledge of the risk factors involved in the project. Given that the duration of the contract is 30 years, it is essential to have an orderly and clear tender process to ensure a good contractual relationship over many years¨.
Skanska has announced the commercial and financial close of the Rv. 3/Rv. 25 PPP project, which involves the financing, design, construction, operation and maintenance of a new 25km national road between Løten and Elverum, in the county of Hedmark, south-east Norway.
Read moreThe Norwegian Public Roads Administration (NPRA) has selected Skanska as the preferred bidder for the RV 3 / RV 25 Løten-Elverum project, which involves the construction of a new national road in the county of Hedmark, eastern Norway. The PPP contract is worth NOK5.5 billion (US$711.6 million).
Read moreEQT Infrastructure II has entered into a definitive agreement to sell Mongstad Group to Asset Buyout Partners (ABP), a real estate investor specialized on oil and gas clusters, founded by Norwegian private equity investor HitecVision. The parties have agreed not to disclose the transaction value.
Read moreAvinor has announced that it is inviting proposals for the management of Haugesund Airport. A tender competition was requested by the Norwegian government, with the intention of implementing a service concession model for the operations of the airport.
Read moreStatens vegvesen​, the Norwegian Public Roads Administration (NPRA), has shortlisted three consortia for the RV3/RV25 Ommangsvollen – Grundset/Basthjørnet road PPP.
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