The Port of Oxelösund is a 16.5 m ice-free deep-water port on the Baltic Sea that can handle the entire transportation chain from start to finish. Peab has been commissioned to build a new 122 m long dock (Berth 8) and dredge the harbor basin, which will increase the capacity and flexibility of the port's logistics solutions for larger vessels. Parts of the dredged material will be stabilized and reused for the expansion. Modernizing the port's infrastructure and increasing its capacity create good conditions for sustainable transportation and thereby reduced carbon emissions.

"We'll have the opportunity to utilize all our expertise in civil engineering in this technical marine project while contributing to an important function for the community. It's both exciting and consequential to be part of ensuring the future of the Port of Oxelösund using local resources in a unique project organization," says Carl Johan Söderberg, Region Manager Peab.

"With this investment we're creating another ship berth, which will give us the capacity we need to be part of enabling the steel industry's climate transition and the port's organic growth. We look forward to working well together with Peab and we value their extensive experience in the marine field," says Jens Jacobsen, Technical Manager at the Port of Oxelösund.

The project is a traditional contract. Work will start in June 2025 and is expected to be completed in the spring of 2027.

The project will be order registered in the second quarter 2025.

For further information, please contact:

Juha Hartomaa, Head of Investor Relations Peab, +46 72 533 31 45