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

  • New US$200 million ring road to be built in Belarus capital Minsk
    May 23, 2014
    Minsk is to benefit from a new ring road that will cut city congestion - Eugene Gerden reports The government of Belarus is investing more than US$200 million in the building of a new ring road around the country’s capital Minsk, in accordance with a government decree. Implementation of the project is taking place as part of the existing large-scale state road building programme in the country until 2017, with the total cost estimated at US$5 billion. The new road will measure some 85km long and will feat
    Read More
  • Our connected and automated future to go under the microscope at RA – IRF Sydney Conference
    May 10, 2018
    As industry and governments around the world continue to grapple with the challenges of vehicle automation, experts will gather in Sydney at the end of May to take stock of progress on the global journey to a new era of mobility. The two-day 2018 Roads Australia (RA) – IRF Regional Conference for Asia and Australasia, to be held over May 31st and June 1st, marks only the second time the two organisations have co-hosted an international event ‘down under’. And with RA playing a key role in helping inform t
    Read More
  • Europe-Asia road link
    February 9, 2017
    The governments of China, Kazakhstan, Belarus and Russia have finally approved a project for the building of a new transcontinental road, which will connect Asia and Europe. The new route is much-needed and will speed the transportation of cargo between the two continents, according to Maxim Sokolov, Russia’s Minister of Transport. The idea for the building of the road was first proposed by the European Commission around 2005. It was prompted by the ever growing volume of trade between the EU and Chin
    Read More
  • Brazil launches new transport infrastructure investment plan
    August 30, 2012
    The Brazilian government has announced a new transport infrastructure investment plan involving the concession of motorway operations and modernisation of the railway sector. The private public partnerships are predicted to lead to an investment of US$65.68 billion (BRL 133bn) in the next 25 years, including US$ 39.63 billion (BRL 80bn) to be spent in the first five years of the contract.
    Read More

Highlighted Content