A/S Femern Landanlæg Annual report 3 Company’s objective A/S Femern Landanlæg’s main objective is to organise and undertake the preparations, investigations, planning and other necessary actions relating to the expansion and upgrading of the associated landworks for the fixed link across the Fehmarnbelt. In addition, the company’s objective is to own all shares in Femern A/S. Highlights of the year A/S Femern Landanlæg is a 100 per cent owned subsidiary of Sund & Bælt Holding A/S and is the parent company of Femern A/S. The company was established in order to administer the ownership and financing of the Danish landworks in connection with the fixed link across the Fehmarnbelt. The planning work for the railway installations is undertaken by Banedanmark while planning work for the road facilities is undertaken by the Danish Road Directorate. Banedanmark receives EU support with regard to the railway element of the project. Sund & Bælt Holding A/S is responsible for coordinating the planning and construction activities in the various sub-projects that make up the overall Fehmarnbelt project. Among other things, this work consists of coordinating the planning and construction work for the coast-to-coast link plus the Danish road and railway facilities. It covers the interfaces between the coast-to-coast link and the Danish landworks for both the road and railway engineering solutions, progress in project planning and resource consumption. Furthermore, the company also deals with budget control and quarterly reporting to the Ministry of Transport, Building and Housing. With the adoption of the Act on the construction and operation of a fixed link across the Fehmarnbelt with associated landworks in Denmark in April 2015, A/S Femern Landanlæg was authorised to build and operate the Danish landworks associated with a fixed link across the Fehmarnbelt. In issuing the executive order on the delegation of certain tasks and powers for the construction and operation of a fixed link across the Fehmarnbelt with associated landworks in Denmark, the role of client was given to Banedanmark on 17 September 2015, while A/S Femern Landanlæg remained responsible for the ownership and financing of the landworks. Based on an updated financial analysis, the parties behind Fehmarnbelt link reached a political agreement on 4 March 2016 on the way forward for the project. The financial analysis included the total cost of the upgrading of the Danish landworks. This was DKK 9.5 billion (2015 prices). The overall timetable for the Danish landworks gave the green light for full expansion and upgrading of rail facilities down to Nykøbing Falster. Completion is due in 2021, apart from electrification, which is to be finished in 2024. In addition, the life of the section from Nykøbing Falster to Holeby on Lolland is to be extended until it needs to be developed and adapted for the opening of the coastcoast link. Based on the decision, Banedanmark signed a number of contracts in 2016 and 2017. In February 2017, the Danish Barslund was commissioned to carry out certain renovation and upgrading works at stations on the Ringsted-Nykøbing Falster section in a contract worth DKK 147 million. In August 2017, the Austrian construction company, Swietelsky, was awarded the contract comprising track work on Zealand and Falster for DKK
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