UK Markets closed

  • FTSE 100

    7,405.45
    -94.15 (-1.26%)
     

  • FTSE 250

    18,493.83
    -236.13 (-1.26%)
     

  • AIM

    800.42
    -7.02 (-0.87%)
     

  • GBP/EUR

    1.1363
    +0.0026 (+0.22%)
     

  • GBP/USD

    1.2232
    -0.0057 (-0.4624%)
     

  • BTC-GBP

    22,678.12
    +52.62 (+0.23%)
     

  • CMC Crypto 200

    597.33
    -21.06 (-3.41%)
     

  • S&P 500

    3,970.99
    +22.27 (+0.56%)
     

  • DOW

    32,237.53
    +132.28 (+0.41%)
     

  • CRUDE OIL

    69.20
    -0.76 (-1.09%)
     

  • GOLD FUTURES

    1,981.00
    -14.90 (-0.75%)
     

  • NIKKEI 225

    27,385.25
    -34.36 (-0.13%)
     

  • HANG SENG

    19,915.68
    -133.96 (-0.67%)
     

  • DAX

    14,957.23
    -253.16 (-1.66%)
     

  • CAC 40

    7,015.10
    -124.15 (-1.74%)
     

Implenia wins another large subway tunnelling project in Oslo

EQS Group
·3-min read

Implenia AG / Key word(s): Incoming Orders
Implenia wins another large subway tunnelling project in Oslo
16.03.2023 / 07:00 CET/CEST

Implenia wins contract for K2D Skøyen – Vækerø | Part of Fornebubanen, a major subway tunnelling project in Oslo (Norway) | Win follows previous work for this project | Order volume of around CHF 115 million for Implenia

Glattpark (Opfikon), 16 March 2023 – Project K2D Skøyen – Vækerø, which is part of Fornebubanen – the largest subway tunnelling project in Norway since the 1970s – will consist of the Skøyen subway station, as well as around 1,2 km of tunneling below a heavily urbanised area and an escape tunnel (Bestum). Implenia will start its work on project K2D Skøyen – Vækerø later this year, and the project is scheduled to be completed in 2025. The order volume for Implenia is around CHF 115 million (NOK 1,3 billion).

Implenia is already building the first part of this complex tunneling project, K2A Fornebu – Lysaker, which is scheduled to be completed at the end of this year.

“This is a huge win for Implenia and our Norwegian team, building on our experience in successfully managing large and complex infrastructure projects in Norway. I thank our client, Oslo Municipality Fornebubanen, for their trust and for selecting us again. I look forward to continuing our fruitful collaboration,” says Erwin Scherer, Global Head Tunnelling of Implenia. 

Implenia convinced with sustainable solutions 
The client weighted soft criteria such as environmental protection and sustainability seriously in the tender (20%). Implenia scored highest among the tendering parties in this category and offered the best price as well. Implenia also presented comprehensive BIM-implementation in the tender that offered a convincing project structure and tools well suited for the project. The combination of which led to the contract win for Implenia.

“Sustainability is one of Implenia’s five corporate values and is becoming increasingly important also for infrastructure projects. The K2D Skøyen – Vækerø project is another great opportunity for us to apply our broad competences and longstanding experience in sustainability,” concludes Erwin Scherer.

Visualisation of Skøyen Station (image: © L2 Arkitekter; Gottlieb Paludan Architects).

Contact for media:
Corporate Communications, T +41 58 474 74 77, communication@implenia.com 

 

Contact for Investors and Analysts:
Investor Relations, T +41 58 474 35 04, ir@implenia.com 

Dates for investors:
28 March 2023: Annual General Meeting
16 August 2023: Half-year results 2023, Analysts and Media Conference

As Switzerland’s leading construction and real estate service provider, Implenia develops and builds homes, workplaces and infrastructure for future generations in Switzerland and Germany. It also offers tunnelling and related infrastructure projects in further markets. Formed in 2006, the company can look back on around 150 years of construction tradition. The company brings together the know-how of its highly skilled development, planning and execution units under the umbrella of an integrated leading multinational construction and real estate service provider. With its broad offering and the expertise of its specialists, the Group realises large, complex projects and provides client-centric support across the entire life cycle of a building or structure. It focuses on client needs and on striking a sustainable balance between commercial success and social and environmental responsibility. Implenia, with its headquarters in Opfikon near Zurich, employs more than 7,600 people across Europe and posted revenue of CHF 3.6 billion in 2022. The company is listed on the SIX Swiss Exchange (IMPN, CH0023868554). More information can be found at implenia.com.


End of Media Release

Language:

English

Company:

Implenia AG

Industriestrasse 24

8305 Dietlikon

Switzerland

Phone:

+41 58 474 74 74

E-mail:

info@implenia.com

Internet:

www.implenia.com

ISIN:

CH0023868554

Valor:

A0JEGJ

Listed:

SIX Swiss Exchange

EQS News ID:

1583773


 

End of News

EQS News Service

show this
show this

Latest stories

  • PR guru rejects job as Princess of Wales's new private secretary

    The “straight talking” PR guru hired as the Princess of Wales’s new private secretary has opted to stay with chef Jamie Oliver rather than take up the role, The Telegraph can reveal.

  • ‘I retired early – but pension reforms mean it will finally pay to go back to work’

    It has been a week since Chancellor Jeremy Hunt announced he would be abolishing the lifetime cap on tax-free pension savings – and the Tories are wasting no time in making it happen. On Tuesday the motion was passed in the House of Commons, meaning from April 6, workers will be able to save as much as they want in their pension without incurring hefty tax charges. Labour voted overwhelmingly against and pledged to reinstate the savings cap, known as the "lifetime allowance", if the party wins t

  • Britain’s electric car fate is sealed without homegrown batteries

    With the Spring Budget only just in the rearview mirror, Treasury officials are already putting the finishing touches on a new set-piece event: Green Day.

  • Vanguard snubs EU with plans to open its second UK office

    The world’s second-biggest fund manager has snubbed the EU with plans to open its second UK office, a move that will create 100 jobs.

  • 7 investing habits that made Warren Buffett a billionaire

    Christopher Ruane uses these elements of Warren Buffett's method when choosing shares for his own portfolio. Here's why he thinks they're helpful. The post 7 investing habits that made Warren Buffett a billionaire appeared first on The Motley Fool UK.

  • Herefordshire electrician who exceeded expectations wins prestigious award

    A HEREFORDSHIRE electrician who exceeded expectations has achieved prestigious industry recognition, her employers say.

  • Bournemouth Big Wheel set for change of operator as contract advertised

    BOURNEMOUTH’S big wheel is set to have a change of operator next year.

  • Fox News Fires Producer Who Filed Lawsuit Over Dominion Testimony

    Fox News has fired a producer who filed a lawsuit against the network in which she claimed that she was coached and coerced by the network’s lawyers to give misleading deposition testimony in the defense against Dominion Voting Systems’ defamation lawsuit. The network confirmed that she was dismissed. Fox News contends that she failed to […]

  • Free market is delivering substandard services when it comes to ferries

    This letter to the editor is about Isle of Wight ferries, and putting them into government ownerships

  • Oxygen Croydon announces reopening date after huge £1.23m revamp

    Oxygen Croydon is undergoing a £1.23 million revamp to make it bigger, better and bouncier.

  • U.S. rejects JetBlue, Spirit exemption request, citing lawsuit

    WASHINGTON (Reuters) -The U.S. Transportation Department on Friday denied an exemption request by JetBlue and Spirit to operate under common ownership, citing the Justice Department's antitrust lawsuit filed this month seeking to block the deal. JetBlue's planned $3.8 billion acquisition of ultra-low cost carrier Spirit was announced last July.

  • Energy & precious metals - weekly review and outlook

    Gold returned to $2,000 an ounce during Friday’s session but closed off those highs as the Dollar Index, which pits the U.S. currency against six majors rose for the first time in a week.

  • My job went remote — so I got 2 more and started traveling the world in secret

    For some remote employees, "working from home" means responding to emails from a secret trip to the Eiffel Tower (or anywhere else in the world).

  • Construction contract launches work at 4,000-job airport business park

    GMI Construction Group has been awarded the contract to deliver the first industrial unit at Teesside Airport’s £200m business park.

  • Bury leisure staff at risk of redundancy after plans for 'digital move'

    Staff at borough leisure centres have shared their fears over losing their jobs after the council released its "digital first" plans.

  • The Fed sees a looming credit crunch. What's that?

    STORY: Federal Reserve Chair Jerome Powell said at the central bank's March meeting that recent banking sector turmoil could result in banks becoming more strict in extending credit."...events in the banking system over the past two weeks are likely to result in tighter credit conditions for households and businesses."In other words: a credit crunch is coming.But what is a credit crunch?Mark Zandi is chief economist at Moody's Analytics."A credit crunch is the inability of households and businesses to get the credit that they need."Zandi says the concern stems from the recent collapse of Silicon Valley Bank in California and Signature Bank in New York, which both failed when a flood of customers rushed to get their money out."Of course, those deposits are critical to the ability of those banks to make loans. You know, they take the deposits, the banks, they turn around and they lend out those deposits to households and businesses. If there's no deposit and the deposits are leaving, then they can't make loans. They can't make loans. That's a credit crunch. A definition of a credit crunch."As access to credit shrinks, businesses can get squeezed and that can have a domino effect.Here’s Ross Gerber, president and CEO of Gerber Kawasaki Wealth and Investment Management.“Now actual banks are changing their credit standards. And like in the state of California, where First Republic Bank and Silicon Valley Bank were huge players in many specialty markets, not having them actively lending will definitely affect the economy here in California, which is one of the biggest economies in the world. And so now we're going to see some real pain coming to small business owners and innovation companies and lost jobs because of the lack of lending that will go into these areas that were traditionally serviced by these banks.”Zandi agrees, as tighter credit could put the overall economy at risk."If businesses can't get a loan, they can't pay their employees, they can't pay their bills, they can't go out and expand. They can't invest. If households can't get a loan, they can't get a car, they can't get a mortgage, they can't buy an appliance, they can't do a home improvement. And of course, that means the economy is going to be weaker, struggling because of all that."So what does this all mean for the Federal Reserve?The Fed’s chief concern right now is fighting inflation so it’s been raising interest rates, making it more expensive to get loans.A credit crunch might help tamp down inflation but it risks a host of other problems.“So the Fed's actions now are having and will have a much more dramatic effect on small businesses than they've had in the past. And it's certainly a shame to see them damaging so many entrepreneurs trying to grow their businesses."But putting a potential credit crunch in perspective: it's not like 2008."In this case, the problems are largely amongst small and mid-sized banks here in the United States. In the financial crisis, it was every financial institution on the planet. Small, mid, big, big financial institutions. So the scale of what we're experiencing right now is nothing in comparison to what we suffered during the financial crisis back in 2008, '09 and '10."In other words: A credit crunch is when banks won’t lend to you. A credit crisis is when banks won’t lend to each other."The '08 and '09 financial crisis is in a league of its own. What we're experiencing now doesn't feel very good. It's very uncomfortable. But it's nothing compared to what we suffered back in that crisis."

  • ‘Rust’ Armorer Seeks to Block Appointment of New Prosecutor

    “Rust” armorer Hannah Gutierrez Reed is seeking to block the appointment of a new prosecutor in her involuntary manslaughter case, after the first one resigned. Gutierrez Reed and actor Alec Baldwin have both been charged in the death of Halyna Hutchins, the cinematographer who was accidentally shot on set in October 2021. In a brief […]

  • Bank Consolidation Threatens Freedom, Makes Case for Bitcoin

    The biggest threat from the banking crisis triggered by this month’s collapse of Silicon Valley Bank might not lie in the potential for depositors to lose their savings but in the censorship power that massive banks are now accumulating as customers move their money.

  • Small banks lost $120 billion in deposits during SVB tumult

    Customers withdrew $120 billion from regional banks in one week, while giving $67 billion to industry giants

  • Two couples find out their £750k homes are WORTHLESS after company commits fraud

    TWO couples discovered their £750k homes are worthless after the director of a house building company committed fraud.