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News

NIB finances new section of E18 motorway in Norway

30/09/2018

NIB and the Norwegian toll-road operator Ferde AS have signed a EUR 104.5 million (NOK 1 billion) loan with a maturity of 17.5 years to finance the construction of a new 23km section of four-lane motorway on the E18 between Tvedestrand and Arendal in Aust-Agder County. This will include 4 tunnels Floyheia (610 m), Traelfjell (205 m), Hesthag Mountain (684 m) and Torsbuasen (785 m), as well as 6 larger bridges and two grade-separated junctions.

The new road connection will replace the existing two-lane road between Tvedestrand and Arendal. Construction is expected to be completed in autumn 2019. The initial toll period of the new motorway section will be 15 years. Click no/32 for tunnelbuilder archive. Visit https://www.nib.int/who_we_are/news_and_media/news_press_releases/3085/nib_finances_new_section_of_e18_motorway_in_norway



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Beakaert Maccaferri: bm-underground.com