NCC to build schools and daycare center in Finland for SEK 300 million

NCC Construction Finland is to build two schools and a daycare center on behalf of Haukipuda Municipality in northern Finland. The project will be conducted in accordance with a lifecycle model whereby, in addition to construction, it also includes maintenance of the buildings. In total, the transaction is worth approximately SEK 300 million.

Construction of the schools and the daycare center will be the responsibility of NCC Construction Finland, which will also account for maintenance over a period of 25 years. Pohjola Bank Abp is responsible for financing the lifecycle model and will own the properties, which will then be leased to Haukipuda Municipality. In total, the schools and the daycare center will account for approximately 13,000 square meters of floor space.

In addition to financing, planning and construction, the lifecycle model also includes maintenance of the objects for 25 years. The present value of the lifecycle cost of the project throughout the contractual period is approximately SEK 300 million. Of the total, the construction contract is worth about SEK 225 million, which will be registered among orders during the second quarter of 2011

Work on the project will start in July 2011. The high school and the daycare center will be ready for use by the tenants in December 2012 and the remaining space will be completed in December 2013. 

For more information, please contact:
Markku Taskinen, Regional Manager, NCC Construction Finland, +358 50 521 9288
Matti Aho, Project Development Manager,NCC Construction Finland, +358 50 380 9983
Magnus Jonsson, External Communication and Media Relations Manager, NCC AB, +46 8 585 522 46

This is the type of information that NCC could be obligated to disclose pursuant to the Securities Market Act. The information was issued for publication on June 10, 2011, at 12.30 p.m.

All NCC’s press releases are available at www.ncc.se

NCC is one of the leading construction and property development companies in the Nordic region. In 2010, NCC had sales of SEK 49 billion, with 17,000 employees. NCC Construction Finland builds residences, offices, roads, civil engineering and other infrastructure in Finland.