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EUROMOVERS International

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€10bn for Norwegian roads and tunnels

Jan 23, 2014
The Norwegian Public Roads Administration (Statens vegvesen) plans to invest €10 billion (NOK 80 bn) in road building and tunnel upgrades from 2014-17, according to its new investment plan for the period.

A further €2.87 billion (NOK 23 bn) will be spent on pedestrian and cyclist safety measures. Veidekke, a Norwegian construction company, forecasts 2-3% annual growth in the Norwegian construction market in 2014 with housing construction rates expected to level out.

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