Veidekke's Expanding Footprint: A Tale of Contracts and Infrastructure
June 20, 2025, 4:59 pm
Veidekke is on a roll. The Norwegian construction giant is securing contracts that are not just numbers on a balance sheet; they are the building blocks of a sustainable future. With recent wins in Sweden and Norway, Veidekke is solidifying its role as a key player in the region's infrastructure landscape.
In June 2025, Veidekke announced a significant contract with the Swedish Fortifications Agency. This project, valued at approximately SEK 1 billion, involves construction and installation assignments at a facility in Eastern Sweden. The clock is ticking, with production set to kick off in the second quarter of 2025 and completion expected by early 2028. This isn't just a job; it's a commitment to national security and infrastructure resilience.
The Swedish Fortifications Agency is no ordinary client. This government agency is responsible for managing properties that are integral to Sweden's total defense system. Veidekke, along with its subsidiary Veitech, will bring expertise in building and civil engineering to the table. The partnership is a marriage of local knowledge and technical prowess, a recipe for success in the construction world.
Meanwhile, just a day later, Veidekke announced another feather in its cap. This time, it’s a NOK 1.3 billion commission from Statnett in Western Norway. This project involves the construction of three new substations in Vestland county. It’s a design and build contract, which means Veidekke will handle everything from the ground up. The work includes foundations, concrete structures, and access roads. It’s a complex puzzle, but Veidekke has the pieces.
The backdrop to this project is Norway's green shift. As the country aims to meet its climate targets, new infrastructure is essential. Statnett is leading the charge, replacing outdated power lines and substations to enhance the grid's capacity. This is not just about building; it’s about building for the future. The substations will support a 420kV system, allowing for increased power flow. It’s a vital step toward a more sustainable energy landscape.
Construction is set to begin in October 2025, starting in Øygarden, then moving to Vik and Modalen. The timeline stretches to 2028 for the main construction, followed by installation and trial operations, culminating in a final handover in 2030. This is a long-term commitment, one that reflects Veidekke's dedication to quality and reliability.
Veidekke is not just a contractor; it’s a cornerstone of Scandinavian infrastructure. With an annual turnover of approximately NOK 41 billion, the company employs around 8,000 people, many of whom are shareholders. This unique structure fosters a sense of ownership and accountability among employees. When the team succeeds, everyone benefits.
The company’s history is a testament to its resilience. Since its inception in 1936, Veidekke has posted profits every year. This track record is not just luck; it’s the result of strategic planning and a focus on stakeholder involvement. Veidekke understands that construction is not just about bricks and mortar; it’s about people and communities.
The recent contracts highlight Veidekke's ability to adapt and thrive in a changing landscape. As governments prioritize infrastructure development, companies like Veidekke are poised to lead the charge. The projects in Sweden and Norway are not isolated incidents; they are part of a larger trend toward modernization and sustainability.
In a world where infrastructure is often taken for granted, Veidekke is working behind the scenes to ensure that systems are robust and reliable. The company’s commitment to local experience and stakeholder engagement sets it apart. It’s not just about completing a project; it’s about building relationships and trust.
As the construction industry faces challenges such as supply chain disruptions and labor shortages, Veidekke’s approach is refreshing. The company emphasizes collaboration and innovation. By leveraging local expertise and resources, Veidekke is not just building structures; it’s building a better future.
The contracts with the Swedish Fortifications Agency and Statnett are just the beginning. As Veidekke continues to expand its footprint, the implications are significant. These projects will create jobs, stimulate local economies, and contribute to a more sustainable future.
In conclusion, Veidekke is more than a construction company. It’s a vital player in the infrastructure game, shaping the future of Scandinavia. With a focus on quality, sustainability, and community involvement, Veidekke is building more than just structures; it’s building a legacy. The road ahead is promising, and Veidekke is ready to pave the way.
In June 2025, Veidekke announced a significant contract with the Swedish Fortifications Agency. This project, valued at approximately SEK 1 billion, involves construction and installation assignments at a facility in Eastern Sweden. The clock is ticking, with production set to kick off in the second quarter of 2025 and completion expected by early 2028. This isn't just a job; it's a commitment to national security and infrastructure resilience.
The Swedish Fortifications Agency is no ordinary client. This government agency is responsible for managing properties that are integral to Sweden's total defense system. Veidekke, along with its subsidiary Veitech, will bring expertise in building and civil engineering to the table. The partnership is a marriage of local knowledge and technical prowess, a recipe for success in the construction world.
Meanwhile, just a day later, Veidekke announced another feather in its cap. This time, it’s a NOK 1.3 billion commission from Statnett in Western Norway. This project involves the construction of three new substations in Vestland county. It’s a design and build contract, which means Veidekke will handle everything from the ground up. The work includes foundations, concrete structures, and access roads. It’s a complex puzzle, but Veidekke has the pieces.
The backdrop to this project is Norway's green shift. As the country aims to meet its climate targets, new infrastructure is essential. Statnett is leading the charge, replacing outdated power lines and substations to enhance the grid's capacity. This is not just about building; it’s about building for the future. The substations will support a 420kV system, allowing for increased power flow. It’s a vital step toward a more sustainable energy landscape.
Construction is set to begin in October 2025, starting in Øygarden, then moving to Vik and Modalen. The timeline stretches to 2028 for the main construction, followed by installation and trial operations, culminating in a final handover in 2030. This is a long-term commitment, one that reflects Veidekke's dedication to quality and reliability.
Veidekke is not just a contractor; it’s a cornerstone of Scandinavian infrastructure. With an annual turnover of approximately NOK 41 billion, the company employs around 8,000 people, many of whom are shareholders. This unique structure fosters a sense of ownership and accountability among employees. When the team succeeds, everyone benefits.
The company’s history is a testament to its resilience. Since its inception in 1936, Veidekke has posted profits every year. This track record is not just luck; it’s the result of strategic planning and a focus on stakeholder involvement. Veidekke understands that construction is not just about bricks and mortar; it’s about people and communities.
The recent contracts highlight Veidekke's ability to adapt and thrive in a changing landscape. As governments prioritize infrastructure development, companies like Veidekke are poised to lead the charge. The projects in Sweden and Norway are not isolated incidents; they are part of a larger trend toward modernization and sustainability.
In a world where infrastructure is often taken for granted, Veidekke is working behind the scenes to ensure that systems are robust and reliable. The company’s commitment to local experience and stakeholder engagement sets it apart. It’s not just about completing a project; it’s about building relationships and trust.
As the construction industry faces challenges such as supply chain disruptions and labor shortages, Veidekke’s approach is refreshing. The company emphasizes collaboration and innovation. By leveraging local expertise and resources, Veidekke is not just building structures; it’s building a better future.
The contracts with the Swedish Fortifications Agency and Statnett are just the beginning. As Veidekke continues to expand its footprint, the implications are significant. These projects will create jobs, stimulate local economies, and contribute to a more sustainable future.
In conclusion, Veidekke is more than a construction company. It’s a vital player in the infrastructure game, shaping the future of Scandinavia. With a focus on quality, sustainability, and community involvement, Veidekke is building more than just structures; it’s building a legacy. The road ahead is promising, and Veidekke is ready to pave the way.