for further construction of roads on Sotra and Øygarden. The company was formally registered on 12 January 1966. To get satisfactory conditions for the loan, the company was recommended by banks to increase the ownership equity to 10% of the loan. The share capital was insufficient, so the company started issuing preferred shares to individuals and the companies, and managed to secure NOK 1.7 million. An exception to the rules was made, and the company was allowed to start detailed planning before the loans had been finalized. An estimate from 1966 showed that the bridge itself would cost NOK 27 million, while the auxiliary roads would cost NOK 4 million, excluding inflation and interest during construction. On 23 November 1966, the county council supported a proposal that one third of the construction costs be covered by national road funds. On 10 August 1967, the Ministry of Finance and the Bank of Norway gave permission that the company could borrow up to NOK 25 million. The loan was a bond sold by Bergens Privatbank and Samvirke Forsikring, consisting of one series valued at NOK 15 million issued in 1968, and one valued at NOK 10 million issued in 1970, with an interest of 5.5% and 6.0%, respectively. There was a five years interest-only period, followed by ten years of repayment. The mortgage deed was secured in the right to collect tolls, supported by guarantees from the municipalities of Bergen, Fjell, Sund and Øygarden, and the county municipality. In addition, the company was granted loans from Bergens Privatbank, Bergens Sparebank and Vestlandsbanken for NOK 3 million, although these were never used. The state's part of the financing was through a loan from the Regional Development Fund. The bridge was approved by the Parliament of Norway on 5 June 1968. An agreement regarding financing was made between A/S Sotrabrua and the Ministry of Transport and Communications on 1 July 1968. The construction of the road would be done by Hordaland Public Road Administration, who would receive two-thirds of the financing of costs up to NOK 34 million from the company. The company would also advance the state's part of the costs, which would be repaid to the company as NOK 1 million per year, for an estimated advance of NOK 8.3 million. The company would be responsible for any interest, including that which would be accumulated during construction, and would have the right