Skanska lands Norway’s largest road project ever

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Skanska lands Norway’s largest road project ever

Skanska are the preferred bidder for the first PPP-project in Norway in more than ten years. It is also the largest road contract ever awarded in Norway.

The project involves constructing a new national road between Løten and Elverum in the county of Hedmark. The PPP-contract will be worth about NOK 5.5 billion, about SEK 5.5 billion, which includes construction, financing and operation/maintenance for 20 years. No order bookings or investments will be accounted for until financial close, which is expected to be in the second quarter 2018.

Skanska Norway will manage the construction and Skanska Infrastructure Development will manage the PPP-project and the investment.

About Skanska

Skanska is one of the world’s leading construction and project development companies, focused on selected home markets in the Nordics, other European countries and North America.

Construction
Construction is Skanska’s largest business stream in terms of revenue and number of employees. Collaboration with the Group’s other business streams and the Company’s collective financial resources enable Skanska to take on large, complicated rojects where few competitors can match its expertise and strength.

Skanska’s Construction business stream builds and renovates buildings, industrial facilities, infrastructure and residences. It also executes service-related assignments, in areas such as construction services and facility operations and maintenance.

Urbanization
Urbanization brings an increasing need for infrastructure to be expanded, which increases demand for the construction business streams’ skills and products in areas such as highways, bridges, mass transit and water treatment works.

Source: www.skanska.com

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Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

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Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.