Veidekke Secures SEK 280 Million Tunnel Contract in Gothenburg

The latest announcement is out from Veidekke ASA ( (GB:0GF6) ).

Veidekke has been awarded a SEK 280 million contract by the Swedish Transport Administration to construct the Stora Hamnkanalen tunnel, part of the West Link Project in Gothenburg. This project, which includes building both concrete and rock tunnels, is set to begin immediately and conclude by summer 2029. The contract reflects Veidekke’s strong collaboration with the Swedish Transport Administration and its capability to handle complex infrastructure projects. The Stora Hamnkanalen is the final construction contract in the Haga stage of the West Link Project, aimed at enhancing Gothenburg’s commuter and regional railway network.

The most recent analyst rating on (GB:0GF6) stock is a Hold with a NOK125.00 price target. To see the full list of analyst forecasts on Veidekke ASA stock, see the GB:0GF6 Stock Forecast page.

More about Veidekke ASA

Veidekke is one of Scandinavia’s largest contractors, specializing in building and civil engineering projects, road maintenance, and the production of asphalt and aggregates. The company emphasizes stakeholder involvement and local expertise, with an annual turnover of approximately NOK 41 billion. Veidekke is publicly traded on the Oslo Stock Exchange and has consistently posted profits since its founding in 1936.

Average Trading Volume: 62,461

Current Market Cap: NOK22.54B

For a thorough assessment of 0GF6 stock, go to TipRanks’ Stock Analysis page.