Hovedstadens Letbane I/S has announced that they intend to enter into three contracts with the Aarsleff Group for the Copenhagen light rail system. Aarsleff's share of the three contracts is expected to have a total value of approx. DKK 1.9 billion. Two contracts for Per Aarsleff A/S concern the construction work on the 12-kilometre section Vallensbæk-Brøndby-Glostrup and the 5.7-kilometre section in Lyngby. The estimated value of the two contracts is DKK 1,160 million. The third contract concerns track systems and trains supplied by Aarsleff Rail A/S and the consortium partners Siemens AG and Siemens A/S. This contract has an estimated value of DKK 1.9 billion, and Aarsleff Rail's share is 38%. The work commences at the beginning of 2018 but during the first 1 to 2 years, it will mainly consist of design and preliminary work. All three contracts are expected to be completed by mid-2023. The contracts are expected to be entered into during this quarter.