Lemminkäinen signs road maintenance contract in Western Norway
LEMMINKÄINEN CORPORATION INVESTOR NEWS 6 JUNE 2013 AT 1 P.M.
LEMMINKÄINEN SIGNS ROAD MAINTENANCE CONTRACT IN WESTERN NORWAY
Lemminkäinen has signed a five-year-contract with the Norwegian Public Roads Administration, Statens Vegvesen, for the service and maintenance of the road network in Nordhordland County in Western Norway. The contract begins on 1 September 2013 and includes an option for an additional year. The value of the contract is around EUR 35 million.
The road maintenance contract comprises the municipalities of Lindås, Meland, Radøy, Austrheim, Fedje, Masfjorden and Gulen, in addition to parts of the municipalities of Høyanger and Bergen. In total, the contract covers over 850 km of roads. Part of the road network is located in challenging terrain, such as coast and mountain areas as well as tunnels. Lemminkäinen will ensure that roads are both passable and safe all year around.
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Lemminkäinen Group operates in all areas of the construction sector. The Group's business segments are building construction, infrastructure construction, technical building services and international operations. Net sales in 2012 were about EUR 2.3 billion, of which international operations accounted for roughly 40 per cent. The Group employs an average of 8,200 people. Lemminkäinen Corporation's share is quoted on NASDAQ OMX Nordic Exchange Helsinki. www.lemminkainen.com