Peab

The contract mainly concerns separating rain water and wastewater as well as rehabilitating municipal pipelines with markings, stops and installations. The project is a continuation of the work already done in stages one to three.

In addition to challenging logistics and other demanding circumstances, strict environmental demands have been made in the contract. Most of AOL's machines will be machines with zero emissions.

"We thank Bærum Municipality for entrusting us with the project and look forward to working well together. We have the right expertise, geography and capacity for this kind of project. Together we'll strive for low climate impact in the project and at the same time work efficiently, safely and with good quality," says Erik Hedvald Nilsen, MD of Peab's subsidiary AOL.

The project is a general contract. It begins in August 24 and is expected to be completed in October 2027.

The project will be order registered in the third quarter 2024.

For further information, please contact:

Erik Hedvald Nilsen, MD of Peab's subsidiary AOL, +47 926 13 637

Juha Hartomaa, Head of Investor Relations Peab, +46 725 33 31 45