After a one year interaction phase, Veidekke has signed a contract today with
Statsbygg to build the new Insitute of Materials Science and Engineering (P2) at
NTNU in Trondheim. The commission is a design and build contract with a value of
NOK 680 million, excluding VAT.

"Now we have developed the project further in close and good cooperation with
Statsbygg, NTNU and other users of the building. This planning and coordination
has been crucial to identify challenges, find good solutions and ensure that the
project is carried out in an optimal manner for all parties. We really
appreciate the confidence shown in us and are looking forward to starting the
construction work," says Regional Director Torgeir Wiig with Veidekke Bygg
Trøndelag.

The new building will be 13,200 m2 in size across 10 floors and will accommodate
just over 200 NTNU employees, SINTEF Industri, external partners and more than
300 students in five academic years. The building will have good laboratories
and modern infrastructure that support the activity in the research and teaching
environments of the Institute of Materials Science and Engineering and partners.
The project has defined sustainability goals in the areas of greenhouse gas
emissions, energy and load balancing, site qualities, circular economy and
social sustainability.

Construction work starts in a few weeks, and completion is scheduled for
December 2027. This commission is included in Veidekke's order book for Q2.

Read more about the project
here (https://www.ntnu.no/campusutvikling/delprosjekt-p2).

For further information, please contact:

Regional Director Torgeir Wiig, tel. +47 95 02 07 30, torgeir.wiig@veidekke.no
Communications Manager Helge Dieset, tel. +47 90 55 33 22,
helge.dieset@veidekke.no

Project Director Johan Arnt Vatnan with Statsbygg, tel. 92 25 11 13,
johan.arnt.vatnan@statsbygg.no

Veidekke's press photos (https://veidekke.fotoware.cloud/fotoweb/archives/5028
-Pressebilder-Veidekke/)
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Veidekke (http://www.veidekke.no) is one of Scandinavia's largest contractors.
In addition to undertaking all types of building and civil engineering
assignments, the group also maintains roads and produces asphalt and aggregates.
Veidekke emphasises stakeholder involvement and local experience. Its annual
turnover is approximately NOK 41 billion, and half of its 8,000 employees own
shares in the company. Veidekke is listed on the Oslo Stock Exchange and has
posted a profit every year since its inception in 1936.