NRC GROUP ASA - APPOINTED TO A CONTRACT IN NORWAY - NOK 793 MILLION

Bane NOR has appointed NRC Bane AS and Norge Anlegg AS, companies wholly owned by NRC Group ASA, to a contract for building 13.6 kilometers of double track on the railway connection between Nykirke and Barkåker.

The project is part of the ongoing modernization of the Vestfold line. The contract is valued at approximately NOK 793 million and will involve rail services such as track, electro and groundwork.

The design phase of the project is expected to commence in fourth quarter 2019 and the construction phase will commence in 2022 for completion in 2024.

“NRC Group has systematically been positioned for growth in rail investments in Norway. The award of the largest overall contract in the field of railway engineering in Norway in competition with Norwegian and European players, confirms our competence and competitiveness. We look forward to contributing to the construction of new sustainable infrastructure between Nykirke and Barkåker”, says Henning Olsen, CEO of NRC Group ASA.

Closing date for submission of complaints is 10 days from today, and formal contractual signing can take place after this period at the earliest.  

For further information, please contact: Henning Olsen, CEO of NRC Group, + 47 91 74 15 92.

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.