Skanska to build tunnel in Norway
The contract is worth NOK 435 M, about SEK 460 M, which is inclu
ded in order bookings for Skanska Norway for the third quarter of 2015. The contract includes the completion of the 4.6 km long tunnel and improvement of 1.5 km of road.
The project has already begun and is expected to be completed in July 2018.
Skanska Norway focuses on construction and civil engineering operations. The unit has approximately 4,000 employees. In 2014, Skanska Norway reported revenue of SEK 13 billion. In Norway, Skanska is also active in development of residential, commercial properties and public private partnerships (PPP) projects. ■