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| Skanska sells PPP road in Norway Skanska has sold its 50-percent share ownership of the Orkdalsvegen E39 road in Norway, which is operated as a public-private partnership (PPP). The sales price amounts to NOK 140 M, approximately SEK 170 M. The capital gain amounts to approximately SEK 100 M. The buyers are Skanska Norway's pension trust and Skanska Trean Allmän Pensionsstiftelse, each representing half of the investment. Orkdalsvegen E39, south of Trondheim, was completed in 2005 and since then, Skanska Infrastructure Development has held 50-percent ownership in the owning company that is responsible for operating the highway. The PPP contract with the Norwegian Public Roads Administration applies through 2031. Remuneration to the owning company is based on the road's accessibility. write your comments about the article :: © 2010 Construction News :: home page |