02 July 2025 – Repstad Anlegg AS (“Repstad”), a wholly owned subsidiary of Endúr ASA (“Endúr”), has been awarded a new contract for a design and build project initiated by Porsgrunn Municipality (“Porsgrunn kommune”). The project, referred to as Østre Brygge, has an evaluated offered price of approximately NOK 394 million.
Repstad Anlegg delivered the highest-rated solution among three qualified bidders, and its concept proposal will form the basis for further concept development and planning of the Østre Brygge waterfront redevelopment. The selection is based on a comprehensive evaluation where Repstad scored highest on several key qualitative criteria, including functionality, technical and environmental process planning, and conceptual quality.
The project comprises the transformation of a central urban waterfront area in Porsgrunn, featuring new quay structures, promenades, green spaces, and recreational zones. Repstad’s proposal was particularly noted for its architectural quality, active urban design, public accessibility, and thoughtful integration of marine and community functions.
“We are proud to be awarded this important contract, especially considering the strong competition and the fact that our offer was not the lowest-priced. This recognition underlines the strength of our technical solution, our focus on quality and sustainability, and our ability to create functional and engaging public spaces,” says Bernt Olav Holen, General Manager of Repstad.
The contract award is subject to a following the expiry of a mandatory waiting period on 12 July, and final political approval by the municipality. If approved, construction is expected to begin during 2026.
For further information, please contact:
Media
Jeppe Raaholt, CEO of Endúr, tel: +47 976 69 759
Bernt Olav Holen, General Manager of Repstad, tel: +47 906 70 156
Investors
Einar Olsen, CFO of Endúr, tel: +47 924 01 787
