Peab builds transshipment terminal outside Svappavaara

Peab has been commissioned to build a new transshipment terminal in Pitkäjärvi outside Svappavaara. The client is Northland Logistics AB and the contract amounts to SEK 151 million.

At the transshipment terminal, the iron ore mined and processed into concentrate at the mine site in Kaunisvaara outside Pajala, will be transferred from truck to rail. From Pitkäjärvi, the concentrate ore will be transported on the Malmbanan line to Narvik in Norway.

Work has begun and the facility to be ready for placing in service at the end of 2012-13.

For further information, please contact:

Bo André, project manager Peab 0733 847170

Gösta Sjöström, Communication Peab +46 733 371010

Peab is the Nordic Community Builder with some 15,000 employees and more than SEK 40 billion in net sales. The Group’s subsidiaries have strategically located offices in Sweden, Norway and Finland. The share is listed on NASDAQ OMX Stockholm. The registered office of the Group is at Förslöv, Skåne in south of Sweden.