5 April 2024 - Rail Production AS, a subsidiary of Inin Group-owned Nordic
Infrastructure Group, has today been awarded a NOK 105 million contract to
conduct track rebuilding and track ballast works on sections of the main
railroad that runs northbound from Oslo to Eidsvoll.

The project involves track rebuilding and cleaning of the ballast masses on the
railtrack that runs between Fjellhamar station and Sagdalen station, and between
Dal station and Eidsvoll station. A clean ballast bed ensures that the railtrack
remains stable, improves drainage, and thereby enhances safety and the lifetime
of the track. 

"This is the largest contract ever awarded to an Inin Group company. It marks a
step-change for the size of projects Nordic Infrastructure Group is capable of
taking on, which is fully in line with the purpose of the M&A strategy the
company has pursued over the past 18 months," says Øivind Horpestad, CEO of Inin
Group. 

Rail Production AS will collaborate with sister companies Team 1435 AS and
recently acquired SLAM Jernbaneteknikk to deliver the project. 

Rail Production AS will utilise ballast cleaning machines from its cooperation
partner Salcef Group to conduct the work, which will be executed between June
and October this year. Rail Production will deliver the work as a subcontractor
to Infranord. 

"Improving our ability to take on larger workscopes has been a key reason for
why we have made multiple acquisitions during the past year. This contract
confirms that this has been a wise strategic move. We look forward to supporting
Infranord on this exciting project, which is a perfect fit for the Rail
Production's competence and the machinery our cooperation partner Salcef Group
possesses," says Gjermund Sogn, CEO of Nordic Infrastructure Group, which is the
parent company of Rail Production AS. 

Nordic Infrastructure Group delivers entrepreneurial services as well as tools
and equipment to the railway and tramway industries