Major Contract Win: Skanska to Construct New E18 Highway in Norway for NOK 4.6 Billion

Major Contract Win: Skanska to Construct New E18 Highway in Norway for NOK 4.6 Billion

(IN BRIEF) Construction company Skanska has been awarded a contract worth NOK 4.6 billion by the Norwegian Road Authority (NPRA) to build the new E18 highway between Fornebukrysset and Strand near Oslo, Norway. The project includes the construction of a 2.3-kilometer stretch of 2×3 lanes, new cycle routes, local access roads, and tunnels. The E18 Western Corridor project aims to replace a congested and environmentally problematic road section, improving traffic flow and accessibility. Construction is expected to begin in summer 2023 and be completed by early 2030. The contract contributes to Skanska’s Nordic order bookings for Q2 2023.

(PRESS RELEASE) STOCKHOLM, 5-Jun-2023 — /EuropaWire/ —  Skanska (STO: SKA-B), a leading global project development and construction group, has secured a contract with the Norwegian Road Authority (NPRA) to construct the new E18 highway between Fornebukrysset and Strand outside Oslo, Norway. The contract is valued at NOK 4.6 billion (approximately SEK 4.6 billion) and will be included in Skanska’s Nordic order bookings for the second quarter of 2023.

The scope of the contract entails the design and construction of a 2.3-kilometer stretch of 2×3 lanes on the E18 motorway, connecting Fornebukrysset and Strand. Additionally, the project includes the establishment of a new main uninterrupted cycle route spanning the entire section and the construction of a new local access road to Fornebu. The contract also encompasses the development of the Høvik Tunnel (660 meters) and the Gjønnes Tunnel (440 meters). Moreover, Skanska will be responsible for implementing changes to the adjacent local road systems, including pedestrian and cycle paths. The project aims to achieve environmental certification according to the BREEAM Infrastructure standards, specifically targeting the “Excellent” level.

Construction is set to commence in the summer of 2023, with an expected completion date in early 2030.

This contract is part of the extensive E18 Western Corridor project, which involves the construction of a new main highway system connecting Lysaker in Bærum to Drengsrud in Asker municipality. The new E18 highway aims to replace one of Norway’s busiest road sections plagued by traffic congestion, limited accessibility for public transportation, and significant noise and air pollution challenges. Skanska’s involvement in this transformative project underlines their commitment to enhancing infrastructure and addressing key transportation issues in the region.

For further information please contact:
Audun Lågøyr, EVP Communications, Skanska Norway, tel +47 93 45 25 31
Andreas Joons, Press Officer, Skanska AB, tel +46 (0)10 449 04 94
Direct line for media, tel +46 (0)10 448 88 99

This and previous releases can also be found at www.skanska.com.

Skanska Group uses knowledge & foresight to shape the way people live, work, and connect. Over 135 years in the making, we’re one of the world’s largest project development and construction companies, with 2022 revenue totaling SEK 162 billion. We operate across select markets in the Nordics, Europe and USA. Together with our customers and the collective expertise of our 28,000 teammates, we create innovative and sustainable solutions that support healthy living beyond our lifetime.

SOURCE: Skanska AB