Rail Production AS, a subsidiary of ININ Group-owned Nordic Infrastructure Group, has been awarded a NOK 37 million contract to conduct upgrade work on the railway lines in Oslo, Norway.
Reference is made to the stock exchange announcement dated December 15th, 2023.
The railway lines will be upgraded to fully automatic train control (FATC) system. Rail Production’s scope of work includes removal and installation of signs and electronic transponders (balises) on the railway tracks, relocation of pre-signalling systems, cable laying, and modification of the NSI-63 railway signalling system.
Automatic Train Control (ATC) is a general class of train protection system for railways that includes a speed control mechanism that responds to external inputs.
“This is a substantial project where we look forward to applying our market leading signalling system expertise. We will capitalise on the competence and manpower synergies we have available within Nordic Infrastructure Group to deliver this project on time and on budget,” says Gjermund Sogn, CEO of Nordic Infrastructure Group, which is the parent company of Rail Production AS.
The project includes the upgrade of three railway lines in Oslo:
1) The main railway line between Brobekk and Grorud,
2) the freight train track between Loenga and Alnabru, and
3) the main railway line between Oslo Central Station and Brobekk.
Rail Production AS will deliver the work as a subcontractor to Norwegian railway operator Bane Nor. The work will start early in 2024 and is expected to be concluded during the summer of 2025.
Nordic Infrastructure Group delivers entrepreneurial services as well as tools and equipment to the railway and tramway industries; training, management and consulting services for the road, rail, construction, and civil engineering sectors; and accommodation services to the construction industry.
Euronext Growth-listed ININ Group is the majority owner of Nordic Infrastructure Group.
