To increase capacity, shorten travel times, cut traffic congestion and reduce air pollution, the NPRA awarded multinational consortium Sotra Link a €2 billion public-private-partnership (PPP) contract to finance, design, build and operate a 9.4 kilometre, four-lane road link.
The new road network includes a 4.6-kilometre road in twin-tube tunnels and a 900-metre, four-lane suspension bridge, infrastructure for public transport, and dedicated pedestrian and bicycle paths. Three further smaller bridges are also included in the project.
The project is the largest and most complex of the Norwegian government’s planned road PPPs in its 2018-2029 National Transport Plan, and the largest infrastructure contract to date1, as well as the biggest PPP contract awarded in Europe in 20212.
This brought together extensive experience in implementing PPP contracts and the construction of suspension bridges and tunnels. It delivered a competitive bid that balanced timeline and budget with a focus on sustainability and traffic safety. Sotra Link will operate and maintain the development for 25 years.
Thanks to an exceptionally good collaboration with the Norwegian Public Roads Administration, we have covered and resolved many of the classic challenges, even before signing the final contract, that emerge in large construction projects. It has also been very inspiring to work closely with so many talented people in the Sotra Link consortium. Going forward, we will perform detailed engineering and I look forward to the start of construction in the first quarter of 2023.”
Christopher M. Bjerke
Chief Executive Officer, Sotra Link
The Sotra Connection project is scheduled to open to traffic in 2027, marking another critical piece of infrastructure for the future enabled by Macquarie Capital.
travel time saved
of pedestrian & bicycle paths
We are incredibly proud to be part of Sotra Link, and to support the development and delivery of such a significant infrastructure project in Norway as lead sponsor and equity investor. We understand that the communities of the Vestland county have been waiting a long time for this vital road link, and with today’s financial close, we celebrate the next important milestone of this exciting – and much-needed – project.”
Global Head of Infrastructure & Energy Capital, Macquarie Capital
1. Statens Vegvesen: Sotra Link is the winner of the rv. 555 Sotra Connection PPP contract.
2. Det Kongelige Samfredselsdepartment: Meld. St. 33 (2016-2017) Melding til Stortinget: Nasjonal transportplan 2018-2029.
Take a look at Project Finance International’s (PFI) in-depth report on the Sotra Link project.