AF Gruppen awarded contract for world's first ship tunnel
The NOK 5,600 million turnkey project involves a 1,700-meter tunnel for maritime traffic.
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Norwegian contractor and industrial group
afgruppen.noLast updated
In short: AF Gruppen secured a NOK 5.6 billion contract for the world's first ship tunnel and reported record revenue and profit growth in Q1 2026.
The NOK 5,600 million turnkey project involves a 1,700-meter tunnel for maritime traffic.
The enterprise value is GBP 63.5 million, financed from liquidity reserves. Claxton will become a new business unit.
The contract value is approximately SEK 530 million for construction and refurbishment of the wastewater treatment plant.
The agreement strengthens the focus on offshore decommissioning and offshore wind. The transaction is expected to be completed in Q2 2026.
The design-build contract for the Stad Ship Tunnel is valued at approximately NOK 5.6 billion, excluding VAT, and is scheduled to be signed in August...
AF Gruppen delivered strong growth in the first quarter of 2026 with revenue of 7.978 billion kroner and pre-tax profit of 318 million. Construction, energy and...
AF Gruppen has acquired all shares in Claxton Engineering Services to strengthen its position in offshore decommissioning, life extension and offshore wind. The agreed enterprise...
The construction company AF Anläggning goes to court after being kicked out of a tunnel project in Stockholm just over a year ago.
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