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An update from Veidekke ASA ( (GB:0GF6) ) is now available.
Veidekke ASA has been nominated by the Norwegian Public Roads Administration to build the second phase of the E134 Oslofjordforbindelsen road and tunnel project, after its bid was ranked best on price, quality and environmental performance. The major infrastructure contract, worth about NOK 5.4 billion excluding VAT, will expand a 14-kilometre stretch between Frogn and Asker to four lanes and add a new Oslofjord tunnel bore over an estimated seven-year construction period.
The award strengthens Veidekke’s position in large-scale Nordic transport infrastructure and underscores its competitiveness on both cost and sustainability criteria. For stakeholders, the long-duration project is set to provide a stable revenue stream, reinforce the company’s civil engineering backlog, and contribute to improved regional connectivity in Akershus county once the contract is formally signed after the standstill period ends.
The most recent analyst rating on (GB:0GF6) stock is a Hold with a NOK194.00 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 ASA is one of Scandinavia’s largest construction contractors, operating across building and civil engineering, road maintenance, and the production of asphalt and aggregates. The Oslo-listed group emphasises stakeholder involvement and local experience, generates annual revenue of about NOK 43 billion, and is partly employee-owned, with roughly half of its 8,000 staff holding shares.
Average Trading Volume: 67,005
Current Market Cap: NOK25.99B
For an in-depth examination of 0GF6 stock, go to TipRanks’ Overview page.