The state holding company Sund & Bælt, which owns A/S Femern Landanlæg and Femern A/S, came out of the first quarter with a profit of just over half a billion kroner, according to Sund & Bælt’s quarterly accounts, which were published on Tuesday.
The Fehmarn project costs money
The result of DKK 521 million comes after the company has otherwise been diligent in spending money. According to the quarterly accounts, material capital investments for DKK 1,968 million have been made from January to March 2023. Here, the Fehmarn project accounts for by far the majority, Sund & Bælt writes in the quarterly accounts – however without disclosing the exact amount.
Construction work on the fixed Fehmarn Belt connection is progressing well. The large tunnel element factory at Rødbyhavn, including the working port, is expected to be completed in 2023, and the production of the first tunnel element is underway. A number of time-critical activities across the large construction contracts must be completed in the coming year before the first tunnel element can be submerged. This involves, among other things, the partial completion of the portal and connection facilities on the Danish and German sides as well as the excavation of the remaining part of the tunnel channel in Fehmarn Belt, writes Sund & Bælt on the company’s website.
The Øreund Bridge makes more money
Sund & Bælt’s revenue base is primarily the bridge tolls for the Great Belt Link and the Øresund Bridge, respectively. And here especially the latter has experienced great growth in the first three months of 2023. The quarterly accounts show that traffic on the Øresund Bridge has increased sharply compared to the same period last year. Overall, road traffic has increased by 18.3 percent. Here, passenger cars account for by far the largest increase; namely 20.1 percent. Over the same period, truck traffic has increased by 5.6 percent, writes Sund & Bælt.
