Norwegian Public Roads Administration’s €10bn for roads and tunnels

The Norwegian Public Roads Administration (Statens vegvesen) plans to invest €10 billion (NOK 80 billion) in road building and tunnel upgrades from 2014-17, according to its new investment plan for the period. A further another €2.87 billion (NOK 23 billion) will be spent on pedestrian and cyclist safety measures. Veidekke, a Norwegian construction company, forecasts 2-3% annual growth in the Norwegian construction market in 2014, but with a flattening out of housing construction. It forecasts Sweden
September 24, 2013 Read time: 1 min
The Norwegian Public Roads Administration (1208 Statens Vegvesen) plans to invest €10 billion (NOK 80 billion) in road building and tunnel upgrades from 2014-17, according to its new investment plan for the period.

A further another €2.87 billion (NOK 23 billion) will be spent on pedestrian and cyclist safety measures.

1209 Veidekke, a Norwegian construction company, forecasts 2-3% annual growth in the Norwegian construction market in 2014, but with a flattening out of housing construction. It forecasts Sweden and Denmark to have the highest growth potential.
Road Structures

For more information on companies in this article

Related Content

  • Wacker Neuson Group sees revenue rise 12% for 2014
    March 16, 2015
    International light and compact equipment manufacturer Wacker Neuson Group achieved record results for 2014 across most key performance indicators, the company reports. The group met its increased profit and the revenue forecast, despite challenging market conditions. Group revenue increased 11% to a record €1.28 billion, up from €1.16 billion in 2013 and in line with the company’s forecast. “Adjusted by currency effects, this corresponds to a growth of 12%,” a company statement said. Business in Central Eu
    Read More
  • Companies line up for Norway’s Rogfast project at Kvitsøy
    November 27, 2018
    Five companies have expressed an interest in the technically challenging €315 million Kvitsøy section of Norway’s major road and tunnel project Rogfast.
    Read More
  • Golden opportunities in the MINT - Mexico, Indonesia, Nigeria, Turkey
    May 21, 2015
    Mexico, Indonesia, Nigeria, Turkey – Global Report offers up some food for thought about where smart money might be headed within the next several years – David Arminas writes China’s rate of growth may be slowing down, but other South East Asian companies are being quick to offer alternate investment opportunities, notably Indonesia. Nigeria, too, has had issues with security of investment. But there are signs that the government may be getting serious at last about tightening up rules and regulation
    Read More
  • Liebherr posts healthy results for 2013
    December 18, 2013
    The Liebherr Group says that its results for 2013 equal that of the previous year, despite a weak economic climate. The company expects turnover to hit €9.086 billion, while its workforce has grown to 39,670. Despite the conditions, Liebherr has invested more than €800 million in its operations, taking a view that market conditions will improve in the long term and that developing the company further will lead to future gains. The overall economic situation did not improve in 2013 however and according to
    Read More

Highlighted Content