Main cost items per project, with the basis behind each figure and what is still open.
Working total (13 of 25 counted)
4,391.6 MNOK
Sum of working estimates, mostly midpoints
Range for the same 13
~2,950-7,220 MNOK
Low to high case, checked 20 Sep 2026
Annual income at full operation
~409.6 MNOK
Indicative, not a forecast
Jobs (working range)
247-1,015
Upper end not yet explained
How to read these numbers
4,391.6 MNOK is the sum of working estimates, not a budget and not a funding need. It counts 13 of the 25 inputs, mostly at the midpoint of their range. The other 12 are studies, duplicates, programmes or already part of P10.
Kvænnes (P10) is 63 % of the total. The total is in practice the Kvænnes figure.
Not calculated: the tunnel and mountain-hall system around Nordkjosnes (about 7 km of tunnel in the concept drawings). By PALT's own unit rate for a narrow tunnel the tunnel bore alone is about 1,400-2,100 MNOK. See P12.
Kvænnes needs public or non-commercial capital. Modelled EBITDA is 11.1 MNOK/year against about 149 MNOK/year needed for an 8 % return on the private capital. The gap is about 138 MNOK/year in the base scenario.
Yellow boxes marked 'Cost check' are a bottom-up control made 20 Sep 2026. They use stated assumptions and market references, not quotes.
AP01 · Sandnes Fjord destination
Working estimate: ~370 MNOK
P01In total
Sandnes Fjord Camping & Domes
Sandnes Fjord
Working estimate
~220 MNOK
Range
120-320 MNOK
Income / yr
~35 MNOK
Jobs
15-35
Maturity
3/5
Main cost items (amounts not yet split)
Dome lodges along the ridge boardwalk
Reception, restaurant and rooms by the E6
Fjord-side spa and sauna
Harbour, small-boat and kayak access
Roads, parking, water and sewage
Basis: Slide 27: cost frame 120-320 MNOK. Working estimate is the midpoint. Not yet split by item.
Cost check 20 Sep 2026. The frame also mentions the spa and an indoor water park (see P02), which is priced separately at ~150. A bottom-up check of P01 without the water park gives roughly 140-600 MNOK (base ~280).
Basis: Illustrative working estimate with no slide source. Sauna first, full park later.
Cost check 20 Sep 2026. Comparable Norwegian water parks cost about 130-142 MNOK (Kristiansand, Hovden). Bottom-up check for this concept: roughly 130-300 (base ~190). The low end of 60 is not supported by references.
Basis: Slide 39. The working estimate 185 is the midpoint of the full first build. The next decision is a pilot of 1,500-3,000 m2.
Cost check 20 Sep 2026. The source is confirmed. Income of 55 MNOK/year here and 20 MNOK/year in P15 may overlap (same food sales) and should be separated.
Basis: Illustrative processing/brand estimate. The greenhouse investment sits in P03 and is not duplicated here.
Cost check 20 Sep 2026. Income of 20 MNOK/year may overlap with P03 (55). Document what is production (P03) and what is processing and marketing (P15).
Pre-project: mapping, energy model, technical assessments
2-8
Pilot phase: local energy production, storage, test
20-80
First energy hub: local heat, microgrid, control system
120-350
Regional CLC model (not counted)
500-1,500
Basis: Slide 43 (cost overview). The working estimate 235 is the midpoint of the first energy hub. Three paying anchor customers are required before construction.
Basis: Slide 45. Income of ~1.15 MNOK/year assumes 8 x 12,000 NOK/month rental; a sale gives a different profile.
Cost check 20 Sep 2026. The slide price equals about 26,000-40,000 NOK/m2 and appears to cover the buildings only. With market prices for small houses plus site services, the check gives roughly 18-36 (base ~26). To be confirmed: are plot, water/sewage and roads included?
Roads, water and sewage shared with the Veibakken field (P03)
Basis: The 29 MNOK figure comes from the Rovdas 6-12 unit scenario (9 units), not from the Veibakken concept. A dedicated estimate is needed.
Cost check 20 Sep 2026. The concept image shows roughly 20 two-storey houses plus terrace apartments. The house cluster alone checks at about 28-119 MNOK (base ~70). Not counted in the total.
Data hall modules (pilot / first commercial module)
Cooling, power distribution and security
Power and fibre connection
Rock hall and access tunnel (see P12, not included here)
Basis: Illustrative, very high uncertainty. Geology, power/fibre and a customer contract can change the frame substantially.
Cost check 20 Sep 2026. No target capacity (MW) is stated. At the Oslo build cost of 12.4 USD/W (Turner & Townsend 2025, assumed 10.5 NOK/USD) 600 MNOK corresponds to roughly 4-5 MW, before rock hall, tunnel and power connection.
Basis: Full development is not calculated. Tunnel, quay, energy and data centre each need a separate business case.
Cost check 20 Sep 2026. The concept drawings show about 7 km of tunnel (4.5 km E6-Nordkjosnes plus 2.5 km to Indre Storvik) and about 0.25 km2 of mountain halls. With PALT's own unit rate for a narrow tunnel (0.2-0.3 MNOK per metre) the tunnel bore alone is roughly 1,400-2,100 MNOK, or about 1,750-2,940 with a concept-stage reserve of 25-40 %. A vehicle tunnel is larger and more expensive. None of this is in the 4,391.6 total.
Service building: toilets, dump station, water, waste
Power, signage and visitor information
Basis: Illustrative capacity estimate. Location and number of bays must be settled against P13.
Cost check 20 Sep 2026. Equals roughly 0.45-0.9 MNOK per bay at 20-40 bays. No benchmark for cost per bay was found, so the figure cannot be verified without an itemised list.
Excavation and primary support (2.48 million m3 at 400 NOK/m3)
993.5
Design, geotechnics and permits (10 %)
99.3
Shared internal infrastructure
250.0
Processing equipment
140.0
Zone 1 fit-out and technical (8,000 m2)
240.0
Zone 2 fit-out and technical (12,000 m2)
216.0
Zone 3 fit-out and technical (8,000 m2)
360.0
Uncertainty reserve (20 %)
459.8
Working capital
25.0
Total programme CAPEX (base)
2,783.6
Basis: Kvænnes total assessment model, base scenario (range: upside 2,366.7, conservative 3,969.5). Mass handling is modelled to contribute about +295.8 MNOK over 10 years. The excavation price has no contractor quote yet: every 100 NOK/m3 moves the total by about 328 MNOK.
Cost check 20 Sep 2026. The model calculates correctly. Base EBITDA is 11.1 MNOK/year against about 149 MNOK/year needed for an 8 % return on the private capital (assuming 25 % non-commercial capital): a gap of about 138 MNOK/year. The programme needs public or non-commercial capital and is not shown as commercially viable on its own. The 730 upper jobs figure is not explained by the operating budget, which carries at most about 96 full-time positions.
Tunnel and mountain-facility system (concept, not costed)
Not costed
Main cost items
Helipad and drone hub
Support functions for preparedness
Basis: The 45 MNOK working estimate covers the helipad and drone hub only. The tunnel and facility figures on the page are draft planning figures.
Cost check 20 Sep 2026. The helipad/drone hub does not appear in the Kvænnes zone 1-3 model, so it may not be inside the 2,783.6 total. See P12 for the tunnel system, which is not costed.
GIS-based route matrix with conflict level per stretch
Signage and marking
Safety measures
Basis: Illustrative plan/infrastructure frame. Commercial income is limited; societal value is central.
Cost check 20 Sep 2026. 15 MNOK is not itemised and looks high for planning, signage and safety, against about 1.5 MNOK/year income. A component list is needed, and it may be a municipal planning task rather than an investment.
Figures come from the PALT rough-calculation model (Grovkalkyler), the slide deck for the 25 inputs, the Kvænnes total assessment model and the tunnel cost brief of 10 Nov 2025.
All amounts are MNOK, 2026 price level, excluding VAT, financing, land purchase and extraordinary ground conditions, unless stated.
'Cost check' boxes compare the working estimate with a bottom-up estimate using market references (residential building cost 2026, Norwegian water parks, Turner & Townsend data centre cost index 2025) and stated assumptions.
Cost per motorhome bay, greenhouse/aquaponics per m2, snowmobile trails and helipad cost were not verified: no source was found.
All figures are working estimates, not approved budgets, quotes or a financing commitment.
