\r\nThe first electrification project to be implemented under the contract is the 57km Lunderskov \u2013 Esbjerg line, which is due to be completed next year. This will be followed by K\u00f8ge \u2013 Naestved, Ringsted \u2013 R\u00f8dby (Denmark's connection to the Fehmarn Belt fixed link) and the new Copenhagen \u2013 Ringsted line.\r\nBanedanmark says the joint venture has offered the most economically-advantageous bid for the contract. "We are happy we received four strong bids with strong references from similar projects. We have seen strong competition and good suggestions for such an important task, creating the framework for a far more modern railway," says Banedanmark CEO Mr Jesper Hansen.\r\nDenmark is planning to electrify 1300 route-km by 2026 through the DKr 28.5bn ($US 4.3bn) Togfonden DK fund, which will use North Sea oil revenues to fund rail infrastructure enhancements. This includes a further DKr 8.7bn for electrification of the Fredericia \u2013 Aalborg, Aalborg \u2013 Frederikshavn, Vejle \u2013 Struer, and Roskilde \u2013 Kalundborg lines.\r\nThe total value of the phase 1 electrification contract is estimated to be around DKr 12bn.