YIT IS AWARDED AN ADDITIONAL PROJECT OF ABOUT EUR 22 MILLION FOR HELSINKI'S WESTERN METRO LINE IN FINLAND

INVESTOR NEWS              SEPTEMBER 26, 2011 AT 15:00

 

 

YIT IS AWARDED AN ADDITIONAL PROJECT OF ABOUT EUR 22 MILLION FOR HELSINKI’S WESTERN METRO LINE IN FINLAND

YIT Construction Ltd and Länsimetro Oy have agreed on an excavation project for the Niittykumpu station and metro tunnel for Helsinki's westward metro line in Finland. The total value of the project is EUR 21.6 million. The project comprises the excavation of the station, access tunnel, metro, connecting tunnels and two shafts. Two metro tunnels, each about one and a half kilometres long, will be excavated in the project. Excavation will commence in September 2011, and the project is scheduled for completion in December 2013.

YIT has also implemented other project stages for the westward metro line. Ongoing projects are the excavation of the metro tunnel passing under the Lauttasaari strait, the excavation of the Keilaniemi station and metro tunnel and the earth-moving for Tapiola's eastern access tunnel. Two previous access tunnel projects (Matinkylä and Otaniemi) have already been completed.

YIT wins the competition for the safest site of the westward metro line

The access tunnel project in Matinkylä has won the competition for the safest site of the westward metro line. In the period under review from January to June 2011, there were zero accidents and incidents at YIT's Matinkylä excavation site. Länsimetro Oy arranges the competition every six months, and all of the ongoing projects of the westward metro line participate.

For further information, please contact:
Ari Bergström, Director of Rock Engineering, YIT Construction Services Finland, phone: +358 40 830 7336, email: ari.bergstrom@yit.fi

More information on Helsinki's westward metro line at:
http://www.lansimetro.fi/en/frontpage

YIT CORPORATION

 

Virva Salmivaara
Senior Vice President, Corporate Communications

 

YIT is a leading European service company in building systems, construction services and services for industry. We build, develop and maintain quality living environments in the Nordic countries, Central Europe, Russia and the Baltic countries. In 2010, YIT's turnover was approximately EUR 3.8 billion. The Group has approximately 26,000 employees. YIT's shares are listed on NASDAQ OMX Helsinki. www.yitgroup.com

About Us

YIT is the largest Finnish and a significant North European construction company and urban developer. We develop and build apartments and living services, business premises and entire areas. We are also specialised in demanding infrastructure construction. Together with our customers, our nearly 8,000 professionals are creating more functional, attractive and sustainable cities and environments. We work in 10 countries: Finland, Russia, Sweden, Norway, the Baltic countries, Czech Republic, Slovakia and Poland. Our revenue in 2019 was approximately EUR 3.4 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy. www.yitgroup.com

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