YIT is building a new cruise terminal for the Port of Tallinn

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YIT Corporation Press Release January 8, 2020 at 11 a.m.

YIT has signed a contract with Port of Tallinn about the construction of a new cruise terminal in Tallinn. The value of the contract is over 13 million, which will be entered in the order backlog for the first quarter of the year 2020. The project begins in January 2020 and it is estimated to be completed in summer 2021.

The contract includes a 3-storey terminal building with a net area around 4000 m2, pedestrian promenade area at the pier, children’s playground and parking spaces.

The multifunctional and environmentally friendly cruise terminal will be built in the Old City Harbor in the immediate vicinity of existing cruise liners. Both the interior and exterior architecture have focused on the best environmental performance of materials and equipment. The building will be heated by sea heating where the energy is drawn from the seawater collector. Energy will also be drawn from solar panels.

Outside the cruise season, the building, which can accommodate up to 2,000 people, is used for events, concerts or conferences.

The technical design of the terminal building is based on a study that explored how to implement energy efficient, ecological and sustainable solutions in the new building that would suit the Nordic climate and would allow the building to be operated outside the cruise season. The study was supported by the European Union funding for the Green Cruise Port project implemented under the Interreg Baltic Sea Program. The project aims for sustainable cruising in the Baltic Sea Region.

For further information, please contact:

Peter Forssell, Senior Vice President, Business Premises, Baltics and Central Eastern Europe, YIT, tel. +358 40 532 2273, peter.forssell@yit.fi 

Arja Korhonen, Communications Manager, YIT Oyj, tel. +358 40 5545806, arja.korhonen@yit.fi 

Sirle Arro, AS Tallinna Sadam, Head of Marketing and Communication, tel. +372 513 0979., s.arro@ts.ee

Distribution: major media, www.yitgroup.com

YIT is the largest Finnish and significant North European construction company. We develop and build apartments and living services, business premises and entire areas. We are also specialised in demanding infrastructure construction and paving. Together with our customers, our nearly 10,000 professionals are creating more functional, attractive and sustainable cities and environments. We work in 11 countries: Finland, Russia, Scandinavia, the Baltic countries, the Czech Republic, Slovakia and Poland. The new YIT was born when the over-100-year-old YIT Corporation and Lemminkäinen Corporation merged on February 1, 2018. Our restated pro forma revenue for 2018 was approximately EUR 3.2 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy. www.yitgroup.com

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