AF Gruppen signs NOK 5.6 billion Stad ship tunnel construction contract

• AF Gruppen signed a NOK 5.6 billion turnkey contract to design and build Norway’s Stad ship tunnel.
• Project targets early 2027 construction start. Build time estimated at about five years.
• Norway’s parliament set a revised P85 cost ceiling of NOK 8.59 billion including VAT on June 19.
• The 1.7-kilometer tunnel will cut through the Stad peninsula to provide a safer, more predictable sea route.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AF Gruppen ASA published the original content used to generate this news brief on August 18, 2026, and is solely responsible for the information contained therein.