Hið íslenska jeppaspjall

anybody knows something about this project? I found these pics online. but I think it is a very cool and interesting project. Was it ever finished and was there 4x4 installed on the car?

This car is an ongoing project. If I remember correct it has Hilux axles and 2,4 l. diesel engine. This car is, or at least was, located at Egilsstaðir/Fellabær in the NE region of the country.