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Skanska Sells Stake in the Highway Project in Norway

Infra News - Published on Tue, 10 Dec 2019

Image Source: Rv. 3 Rv. 25 Motorway
Skanska has divested its equity stake of 50 percent in the PPP project Rv. 3/Rv. 25 in Norway to Skanska Trean Allmän Pensionsstiftelse for about NOK 30 million. Thus, Hedmarksvegen A/S that is responsible for the PPP project is now jointly owned by Skanska Norway's pension fund and Skanska Trean Allmän Pensionsstiftelse. The transaction will be recorded in the fourth quarter of 2019. The sale also includes the responsibility of the investment commitment from the shareholders which will be done in connection to construction completion of Rv. 3/Rv. 25.

The Rv. 3/Rv. 25 project is a new 25 kilometer national road between Løten and Elverum in the county of Hedmark. It includes 15 kilometers of four-lane highway, 7 kilometers of walkways and bike paths, a new traffic station for the road administration and about 30 constructions, including two major transitions, for the wildlife. The new roads, that will improve the connection between Oslo and Trondheim, is the first PPP-project in Norway in more than ten years and is one of Norway’s biggest road projects ever.

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Posted By : Yogender Pancholi on Tue, 10 Dec 2019
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