Business
ININ Group: Subsidiary awarded significant contract for temporary track installation
ININ Group: Subsidiary awarded significant contract for temporary track installation
About this update from Inin Group As
13 May 2025 - Trasé AS, a subsidiary of Nordic Infrastructure Group, has beenawarded a contract by Sporveien AS for the installation of a temporary doubletrack in Josefines gate. The contract is valued at NOK 43.8 million.The project includes the installation of two track switches in Hegdehaugsveienand a track connection in the roundabout at Bislett stadium. The scope of workencompasses track construction, water and sewage works, establishment of powersupply and grounding systems, contact line works, and surface works.The work is scheduled to commence in August 2025, with expected completion inJanuary 2026.Gjermund Sogn, CEO of Nordic Infrastructure Group, commented: "This is animportant strategic project for both Trasé and us at NI Group. Trasé's sistercompanies, such as Hadeland Elektro and SLAM, will also be involved in theproject."ININ Group AS is listed on Euronext Growth Oslo. The company's majorityshareholder, Qben Infra AB, is listed on Nasdaq First North Premier GrowthMarket in Stockholm, Sweden.(ENDS)For further information, please contact: Patrik Egeland, CFO Email: [email protected] ININ Group AS ININ Group is a listed investment company operating as an industrial ownerwithinvestments in companies within infrastructure and industry services niches inthe Nordics. The group create value by identifying investment opportunitieswithin profitable niches with potential for development, consolidation andgrowth, working in collaboration with the platform companies to deliversustainable growth and superior profitability. For more information, pleasevisit: www.inin.nohttps://newsweb.oslobors.no/message/646141