YIT, Pöyry and VR Track signed an alliance contract on the development phase of the second part of the Tampere light rail project

YIT CORPORATION Press release, March 7, 2018, at 10:00

YIT, Pöyry Finland and VR Track have signed an alliance contract with the City of Tampere and Tampereen Raitiotie Oy on the development phase of the second part of the Tampere light rail project. The project will be performed using the alliance model, where YIT, Pöyry and VR Track provide the services ordered by the City of Tampere and Tampereen Raitiotie Oy. In the alliance model, the client, designers and contractors cooperate throughout the project.

The development phase is estimated to be completed by the end of 2020, and its cost estimate is EUR 2.9 million. In the development phase, the best possible solutions to support the construction of the rail line between Pyynikintori and Lentäväniemi are reviewed. The rail line will be designed and constructed in cooperation with the city’s residents, communities, companies and property owners. The order of the development phase was registered in the first quarter of 2018.

“The development of growing urban environments is strategically important to YIT. Regarding the implementation of projects, we want to be involved in the development of more cooperative implementation models. In the Tampere light rail project, both of these aspects are realised. The cooperation between the parties in the alliance in earlier phases of the project has already shown its capabilities, and it is great that we can continue this in the development phase of the western section as well,” says YIT Vice President Jarkko Salmenoja.

“The second part of the Tampere light rail project is an interesting and challenging urban light rail project, where the alliance can now take full advantage of the experiences of the first part. At Pöyry, we are thrilled to have the opportunity to offer our infrastructure expertise in the second part of this project as well,” says Mikko Inkala, Business Unit President at Pöyry in charge of infrastructure business in Northern Europe.

“VR Track is seeking growth in the light rail and urban environment sectors. We are very excited to be involved in the second part of the project that provides strong support for the development of the Tampere region. We have excellent resources to guarantee success, as our designers can take advantage of the experiences in the first phase and receive immediate feedback and development ideas from on-going construction projects,” say VR Track Vice President, Consulting, Harri Yli-Villamo and Vice President, Construction, Jouni Kekäle.

The preliminary schedule for the construction of second part of the light rail line is in 2021–2024. It will expand the rail network from the city centre to Lentäväniemi.

In the currently ongoing first part of the project, a 15 km rail line will be constructed from city centre to Hervanta and the Central Hospital, and a depot will be constructed in Hervanta.

Further information:

Jarkko Salmenoja, Vice President, YIT Construction Ltd, tel. +358 (0)40 356 7057, jarkko.salmenoja@yit.fi

Mikko Inkala, Business Unit President, Infrastructure, Northern Europe, Pöyry Finland Oy, tel. +358 (0)10 33 21112, mikko.inkala@poyry.com

Ville-Mikael Tuominen, Project Manager, City of Tampere, tel. +358 (0)50 343 0700, ville-mikael.tuominen@tampere.fi

Harri Yli-Villamo, Vice President, Consulting, VR Track, tel. +358 (0)40 5487 575, harri.yli-villamo@vr.fi

Pekka Sirviö, CEO, Tampereen Raitiotie Oy, tel. +358 (0)40 334 5798, pekka.sirvio@tampereenraitiotie.fi

Hanna Malmivaara, Vice President, Communications, YIT Corporation, tel. +358 (0)40 561 6568, hanna.malmivaara@yit.fi

YIT is the biggest construction company in Finland and a major player in Northern Europe. We construct and develop apartments, business premises and entire residential areas. Furthermore, we are specialists in infrastructure construction and paving. Together with our customers, our 10,000 professionals create increasingly functional, appealing and sustainable cities and living environments. We have operations in 11 countries: Finland, Russia, Scandinavian and Baltic countries, the Czech Republic, Slovakia and Poland. The new YIT was created by the merger of YIT Corporation and Lemminkäinen Corporation, both over 100 years old, on February 1, 2018. In 2017, our combined annual revenue amounted to over EUR 3.8 billion. YIT Corporation’s share is listed on Nasdaq Helsinki. www.yitgroup.com    

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YIT is the largest Finnish and significant North European construction company. We develop and build apartments, business premises and entire areas. We are also specialised in demanding infrastructure construction and paving. Together with our customers our 10,000 professionals are creating more functional, more attractive and more sustainable cities and environments. We work in 11 countries: Finland, Russia, Scandinavia, the Baltic States, the Czech Republic, Slovakia and Poland. The new YIT was born when over 100-year-old YIT Corporation and Lemminkäinen Corporation merged on February 1, 2018. Our pro forma revenue for 2017 was over EUR 3.8 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy. www.yitgroup.com

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