Norway’s Statens Vegvesen is to invest €14 billion in new roads

Norway’s public roads administrator - Statens Vegvesen – said it will invest €13.8 billion in new roads over the next six years. The investment is part of the national transport plan - Nasjonal Transportplan. The Administration states that it will require about €4.3 billion in tolling fees, excluding other tolling fees from projects headed by Norwegian road construction company Nye Veier. Terje Moe Gustavsen, road director at Statens Vegvesen, said that around €3 billion will be earmarked for environment
February 16, 2018 Read time: 1 min

Norway’s public roads administrator - 1208 Statens Vegvesen – said it will invest €13.8 billion in new roads over the next six years.

The investment is part of the national transport plan - Nasjonal Transportplan.

The Administration states that it will require about €4.3 billion in tolling fees, excluding other tolling fees from projects headed by Norwegian road construction company Nye Veier.

Terje Moe Gustavsen, road director at Statens Vegvesen, said that around €3 billion will be earmarked for environmentally friendly transport projects in the nine largest regions in Norway.

Finance & Funding

For more information on companies in this article

Related Content

  • Norway’s long tunnel looks set to beat records
    September 19, 2016
    Norway looks set to retain its position as a leader in tunnelling with the project moving forward to build a new link connecting the city of Stavanger with Bokn. This 27km road tunnel is being designed to carry four lanes of traffic, which would make it the world’s longest underwater road tunnel. It will also be the world’s longest four lane tunnel as well as the world’s deepest road tunnel, dropping around 385-390m below sea level. The Rogaland Fixed Link will form part of the E39 route, connecting Kristia
    Read More
  • Arteris to invest heavily in Brazilian road projects
    October 15, 2013
    Spanish infrastructure group Abertis plans to invest heavily in Brazil through national road and telephone tower projects, after selling its airports-based operations by 2014. The Group is evaluating participation in new highway auctions through its subsidiary, Arteris. Arteris also plans to invest around US$3.22 billion (BRL 7 billion) over the coming years in the nine road projects it currently owns, with $590.13 million (BRL1.3 billion) being invested in 2013. The company will invest $453.94 million (
    Read More
  • Increased infrastructure spending
    February 22, 2012
    With economies booming in the BRIC countries and other regions, spending on infrastructure is at a high - Patrick Smith reports As economic crisis grips much of the world, many countries are still spending billions on infrastructure to improve transportation. While the USA and Europe struggle with debt problems (and this has affected much of the rest of the world) the development of highways, airport, ports and other infrastructure is gathering pace in other regions to boost economic developments.
    Read More
  • India's US$100 billion highway investment
    May 29, 2012
    India intends to continue its massive investment in highway spending. Predictions for the next five years say that up to US$100 billion will be spent on road building in the country in the coming five years. The Ministry for Road Transport and Highways plans to build 35,000km of highways, with 60% being provided by the Government budget and 40% from the private sector. The Ministry of Road, Transport and Highways will open up tendering for nine highway projects. The National Highway Authority of India (NHAI
    Read More

Highlighted Content