Veidekke awarded $18.4 million construction contract

Veidekke has received a contract worth $18.4 million to build 66 apartments, common areas and a parking garage in Stavanger, Norway.

The contract is a turnkey project for the first phase of the Eikeparken development, valued at 190 million Norwegian kroner.

– We thank Base Bolig and BORI BBL for choosing us for this exciting construction project. With a nice location along the bus route in Kristianlyst, we have high expectations for Eikeparken, and this fits well into our portfolio, said district manager Bendik Aarstad at Veidekke Construction Rogaland.

The secluded project is located in Kristianlyst, close to schools and sports facilities. The apartments ranging from 42 to 128 square meters will be distributed across two buildings of six and eight floors respectively. There will also be a shared parking garage, party room, guest apartments and outdoor areas.

Scheduled for Completion in Two Years

– We’re pleased that the Eikeparken project is now being realized. We’ve been planning this since 2019 and look forward to site activation. After a bit of a tough period in the market, it has fortunately picked up in recent weeks and we’ve sold several homes, said property developer Rune Bertelsen at Base Bolig.

Veidekke will begin demolition of the old Fjelltun Bible school in January. The residential project is scheduled for completion in the first quarter of 2027.

The translation was written by an AI system, though the original text was authored by a human. Read the original article here