NCC registers order for second tunnel of Faroe Islands contract valued at SEK1.2bn.
NORDIC BUSINESS REPORT-December 13, 2018-NCC registers order for second tunnel of Faroe Islands contract valued at SEK1.2bn
(C)2018 M2 COMMUNICATIONS http://www.m2.com
NCC AB (STO:NCCB) announced on Thursday that it has registered the order for the second tunnel, the Sandoy Tunnel, on the Faroe Islands contract, for a value of SEK1.2bn during Q4 2018 in the NCC Infrastructure business area.
The first tunnel's order was registered during Q4 2016.
Reportedly, NCC had received an order to build two road tunnels on the Faroe Islands.
The Sandoy Tunnel will measure 10.5 kilometres and connect Gamlaraett on Streymoy with Tra[eth]ardalur on Sandoy. Both tunnels in the contract will help to improve road safety and shorten the travel time to Torshavn from several locations on the Faroe Islands and represent an important step in linking the local communities, businesses and inhabitants of the islands.
According to NCC, it is making good progress on our Faroe...
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