The Norwegian Public Roads Administration (NPRA) has selected Swedish contractor Skanska as preferred bidder for the first PPP-project in Norway in over 10 years.
The $710m scheme is the largest road contract ever awarded in the country and involves building a road between LÃ¸ten and Elverum in the southeastern county of Hedmark.
Work on the project includes construction, financing, and operation and maintenance for 20 years.
Skanska Norway will manage the construction and Skanska Infrastructure Development will handle the PPP-project and the investment.
Financial close is expected to be in the second quarter 2018.
Image: Elverum, where the road will be built (Wikimedia Commons/Jan-Tore Egge)