“We have extensive experience of tunnel construction at NCC, with leading-edge expertise in our Norwegian operation. It is gratifying to be able to offer a comprehensive concept that provides security for the customer in terms of the implementation of the project,” says Svante Hagman, Business Area Manager of NCC Infrastructure.
The assignment comprises two tunnels measuring 11.2 and 10.5 kilometers, respectively. The project also includes roads and roundabouts for connection to the existing infrastructure.
NCC has considerable experience of tunnel construction in the Faroe Islands, having built the Vagatunnilin and Nordoyatunnilin tunnels at the beginning of the 2000s. Several of the key individuals who were involved in these projects will be included in the project team for the new tunnels.
The customer is P/F Eystur- och Sandoyartunlar (EST), which is wholly owned by the government of the Faroe Islands.
Construction work on the first tunnel – Eysturoyartunnilin – will commence in December 2016. For the second tunnel – Sandoyartunnilin – the customer has the option to, not later than June 30, 2018, decide to not implement the project.
The order for the first tunnel will be registered in the NCC Infrastructure business area in the fourth quarter of 2016, provided there is prior approval of the funding by the government of the Faroe Islands. It is estimated that the order for the second tunnel will be registered in the third quarter of 2018, provided that the customer does not decide to exercise the option to not implement the project.
For further information, please contact:
Svante Hagman, Business Area Manager, NCC Infrastructure, + 46 705 88 22 20
Terje Stachnik Hansen, Communication Manager, NCC Infrastructure, +47 992 16 785
NCC’s media line +46 8 585 519 00, e-mail: email@example.com, NCC’s image bank
This is the type of information that NCC is obligated to disclose pursuant to the EU Market Abuse Regulation. The information was issued for publication through the agency of the contact person set out above on November 8, 2016 at 2:00 p.m. CET.
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