Siva contributes to the further development of Frier Vest

The loan from Siva has been granted to ensure further development of the land being prepared for Vianode in Frier Vest. Siva has the right to convert the loan into shares in Frier Vest Holding AS, and with this it is likely that the state can become one of the owners of the company.

Chairman Roy Vardheim of Frier Vest Holding says that it is very important for the progress of the project that the state, through Siva, contributes financially to Frier Vest. The loan is essential not only to secure the financing of the completion of the Vianode site, but also for the work to attract more players to the ownership side. Frier Vest needs co-owners with different skills, and Siva can pave the way for new contacts who can contribute to the further development of the industrial area.

The loan contributes to the financing of the land on which Vianode has signed a lease agreement. Major construction work is currently underway there to prepare the site and build a new harbour.

You can read more about that project here.