Repstad Anlegg AS («Repstad»), a wholly owned subsidiary of Endúr ASA (“Endúr”), has today signed a letter of intent with The Quartz Corp AS (“TQC”) regarding designing and building (No: Totalentreprise) of a container quay at Drag in Hamarøy, Norway. The project has an estimated of value of NOK 160 million excluding options.
TQC’s final investment decision (“FID”) is contingent on successful financing and board approval. The construction works are scheduled to commence in Q3/Q4 2024, with an estimated building period of 18 months.
“We are very happy to move forward with this project, which lies within the core of our competence with respect to complexity, size and contract format”, says Bernt Olav Holen, General Manager of Repstad.
For further comments, contact:
Media:
Bernt Olav Holen, General Manager of Repstad Anlegg AS: +47 906 70 156
Jeppe Raaholt, CEO of Endúr ASA: +47 976 69 759
Investors:
Einar Olsen, CFO of Endúr ASA: +47 924 01 787
