Market Trends of Norway Transportation Infrastructure Construction Industry
This section covers the major market trends shaping the Norway Transportation Infrastructure Construction Market according to our research experts:
Increasing Construction of Large-Scale Projects
Norway's government has aimed to improve transportation facilities in the country by undertaking the construction of large-scale infrastructure projects and further improving road and rail networks, reducing traffic and congestion. The E39 highway project is the major project in the country which is under construction. This project will connect the southern city of Kristiansand to Trondheim in the north pole. The project stretch is about 1100 kilometers (683 miles), and the parliament has approved a bill of more than EUR 33 billion.
Furthermore, the E39 highway continues to Denmark, which helps the country to connect with the rest of Europe. The Norwegian Public Roads Administration (NRPA) commenced the project and estimates that the project to be completed in 2050. In addition, in 2021, NRPA has given 20 and 25 contracts up for tender for the construction of the new E39 Ålesund-Molde Road. This road connects the fjord town of Molde with the port town of Ålesund on the country's west coast. The E39 project has been split into five sections. Also, the project includes the construction of multiple bridges, single-lane tunnels, four-lane roads, and subsea tunnels.
Moreover, in 2022, Consortium Sotra Link announced the financial deal close of the Sotra Connection PPP project. This project is one of the large-scale constructions in the country, with 4.6 kilometers of twin-tube tunnel and a 900-meter four-lane bridge. Also, three smaller bridges will also be built. The project construction will be started in Q1 2023. Meanwhile, the Rogfast tunnel, the Sotra Connection, E16 Highway, and Ringerike Rail Project are some of the other major projects in the country which are under construction.
Increasing Investments in Road Infrastructure Construction
The Norwegian government has planned to invest more than EUR 120 billion on transportation infrastructure to develop an efficient, environmentally friendly, safe transport system. This transport system will add many large and complex tunnel systems on the road, rail, and sea. A twelve-year National Transport Plan 2022-2033 (NTP) was introduced in 2021 to develop infrastructure projects in the country.
Under National Transport Plan, the government is investing more than EUR 51 billion on national roads. Nearly EUR 10 billion are used for operation and maintenance purposes. In addition, according to the tunnel safety regulations, more than EUR 1.6 billion is invested on county roads for the necessary upgrade of the tunnels. Also, toll collection will account for 28% of the funds in investment projects.
Under the development plans, the government is planning to start more than 13 major road improvement projects in the first six years. In addition, there are many new investment projects. For instance, the Norwegian Public Roads Administration and Bane NOR are preparing to start the E16 and Vossebanen Arna-Stanghelle in 2024. This project involves constructing a 36 kilometers road tunnel and a 26 kilometers railway tunnel, divided into three tunnel sections with tunnel lengths ranging between 8 and 10 km. Furthermore, the E10/RV project, E6 Megården - Mørsvikbotn, and E39 Ålesund - Molde are some of the other largest transport projects in the country planned in the coming six years.
