Oct 05, 2018

NRC GROUP ASA - APPOINTED TO A CONTRACT IN NORWAY - NOK 360 MILLION

Oslo Kommune Bymiljøetaten has appointed NRC Norge AS, a company wholly owned by NRC Group ASA, to a contract for the rehabilitation of Storgata in Oslo.

The project is part of Sporveien’s tram and investment program (The Tram Program) and comprises the procurement of 87 new trams, infrastructure and tram track upgrades, and development work at the tram bases. The Tram Program has a cost framework of NOK 4.1 billion approved by Oslo City Council.

The project will involve street improvement works and tram infrastructure upgrades, as well as modernising parts of the water and wastewater network.

The contract is valued at approximately NOK 360 million. The contract will involve rail services such as track, electro and groundwork, and the work will commence in November 2018 and the project is scheduled for completion in July 2021.

"NRC Group is grateful for the confidence shown in us by yet another major contract in connection the Tram Program. The contract is a perfect fit in our strategy of covering the entire value chain, and reconfirms that NRC Group is well positioned for the major upgrade in Oslo the coming years ”, says Øivind Horpestad, 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:
-   Øivind Horpestad, Chief Executive Officer, NRC Group ASA on tel: +47 91 00 06 26

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

About NRC Group ASA:

NRC Group is a leading contractor within railway infrastructure in Norway and Sweden. The company is a supplier of all track-related infrastructure services, including groundworks, specialized track work, safety, electro, telecom- and signalling systems. The company works within rail, metro, tram segments and close related infrastructure. NRC Group has experienced significant growth since its inception in 2011 and has a vision of becoming the leading Nordic entrepreneur within railway infrastructure.

For more information: www.nrcgroup.com

Contact us

Henning Olsen

Henning Olsen

CEO

+47 91 74 15 92

henning.olsen[at]nrcgroup.com

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