New Norwegian road firm being formed

A new road company is being established in Norway. The country’s government made the decision to form the new firm, which will be responsible for seven major road projects in Norway in the coming 20 years. It will be financed by government subsidies and road tolls. Some €15.35 billion will be used by the company. Planned projects include different sections on the E39, E18 and E6 roads. The Norwegian Standing Committee on Transport and Communications (Transport- og kommunikasjonskomiteen) said that the new c
April 16, 2015 Read time: 2 mins
A new road company is being established in Norway. The country’s government made the decision to form the new firm, which will be responsible for seven major road projects in Norway in the coming 20 years. It will be financed by government subsidies and road tolls. Some €15.35 billion will be used by the company. Planned projects include different sections on the E39, E18 and E6 roads. The Norwegian Standing Committee on Transport and Communications (Transport- og kommunikasjonskomiteen) said that the new company will focus on faster and less expensive construction. It will also have a large degree of freedom of action. There will also be an increased focus on public-private partnerships to deliver new projects and routes. Norway does have issues with its existing road network which this move is intended to help address. Roads away from capital Oslo are not always able to cope with either the volume of traffic or the size of vehicles using the routes, a major issue in areas servicing the country’s oil industry in particular.
Finance & Funding

Related Content

  • Mexico has plans for massive infrastructure investment
    July 19, 2013
    Mexico’s Government has plans for a massive programme of infrastructure improvements across the country. In all some US$314 billion will be invested in infrastructure, of which $47 billion will be targeted at improving the country’s transportation network. Mexico’s national transport and communications ministry, SCT, will manage the projects which include works for highways and airports. The plans are expected to include a combination of private and public funding sources, although further details have yet
    Read More
  • Show me the money at Australian Summit
    September 4, 2012
    The question of how to finance and fund major road infrastructure projects in Australia – including the potential role of user-pays charging as a funding solution – was top of mind at the recent Roads Australia National Summit in Sydney. The two-day summit, organised by peak national body Roads Australia, is the largest and most influential annual gathering of industry decision-makers in the country. This year’s summit was held against a backdrop of concern over the future of a raft of major road projects t
    Read More
  • Russian road-building industry on verge of massive cuts
    June 10, 2015
    Russia’s road building programme looks set to be cut due to economic issues - Eugene Gerden writes The Russian Government is considering a significant cut to the existing road building programme for the current year. This is due to a current economic crisis in the country, caused by Western sanctions as well as a collapse in the price of oil and gas.
    Read More
  • Norway moves toward more E39 coastal road improvements
    April 4, 2019
    Norway is working on plans to make more of the major north-south E39 coastal route a ferry-free highway, coasting €35.3 billion, according to media. In Norway, the trans-European route 39 is part national road system and is developed and maintained by the public roads administration. It runs for 1,330km along the coast from Klett just south of Trondheim to Nørresundby. Norway’s E39 is mostly a two-lane undivided road with only relatively short sections near Stavanger, Trondheim and Bergen being motorw
    Read More

Highlighted Content