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The Sotra Link Consortium reaches the financial closure of the PPP Sotra Connection project

08/03/2022

The Sotra Link Consortium reaches the financial closure of the PPP Sotra Connection project

The Sotra Link Consortium reaches the financial closure of the PPP Sotra Connection project for a value of 2,000 million euros. The Sotra Link consortium is made up of Macquarie Capital, the South Korean civil engineering company SK ecoplant and the Italian industrial group Webuild.

This is the largest road infrastructure contract in Norwegian history and one of the largest contracts awarded in Europe in 2021.

Sotra Link was selected as the preferred bider for the PPP Sotra Connection project by the Norwegian Public Roads Authority (NPRA) last year, and will operate and maintain the highway for 25 years after it opens in 2027. The design and construction of the project will be executed by Webuild and FCC Construcción together with SK ecoplant. The project will be operated by Hungary's Intertoll.

The public-private contract (PPP) includes the financing, design, construction, operation and maintenance of a 9.4-kilometre four-lane highway, located in the Norwegian county of Vestland. The project aims to improve commuting between Bergen and the island of Sotra on the west coast. The construction includes the construction of two twin tunnels of 4.6 kilometers in length and a four-lane bridge of about 900 meters. The new road system will have a space dedicated to public transport, as well as access for pedestrians and bicycles. In addition, the project includes the construction of three smaller bridges.

It is the largest and most complex road infrastructure project developed by the Government of Norway within its National Transport Plan 2018-2029.
 

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