SOLNA, Sweden, May 28, 2003 (PRIMEZONE) -- NCC Construction AS has concluded its first partnering agreement in Norway. The assignment is for the construction of 120 apartments at Kingos Gate in Oslo. The client is Viken Bolig and the order is worth about SEK 185 million (NOK 160 million).
The apartments will be modern, functional and cost effective, with considerable scope for adaptation to the specific requirements of purchasers. Construction will commence around the end of this year and the project is scheduled for completion during autumn 2005.
The project will be implemented by NCC, Viken Bolig, Andersson Arkitekter, Spenncon and Elektrisk in the form of a partnering arrangement.
NCC in Norway is assigning high priority to partnering, a structured form of cooperation based on open books, with the aim of creating a better and more cost-effective construction process. The experiences gained from NCC's partnering activities in Denmark and Sweden show that partnering results in fewer disputes and a more efficient construction process, while reducing costs and improving the quality of construction operations.
"It is gratifying that we can now launch our first partnering project, just a few months after work on establishing this work method in Norway was initiated," says Tommy Helgerud, Regional Manager at NCC Construction AS.
For further information, please contact: Tommy Helgerud, Regional Manager NCC Construction AS, tel +47 952 79 009 Gisela Lindstrand, Press Relations Manager NCC AB Tel +46 8 585 52346 or +46 70 392 9500 OEyvind Kvaal, Communication Manager NCC Construction AS, tel +47 22 98 69 34 or +47 900 76 910
All of NCC's press releases are available on www.ncc.info
NCC is one of the leading construction and property development companies in the Nordic region. NCC had in 2002 sales of SEK 45 billion, with 25,000 employees.
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http://www.waymaker.net/bitonline/2003/05/28/20030528BIT00320/wkr0001.doc
http://www.waymaker.net/bitonline/2003/05/28/20030528BIT00320/wkr0002.pdf