YIT is building extension to the Tampere tram network with the Alliance

YIT Corporation Press release, November 28, 2019, at 10:00 a.m.

Tampere Tramway Ltd and the City of Tampere have appointed YIT, NRC Group Finland Oy, Sweco Infra & Rail Oy and Pöyry Finland Oy to a contract for extension of the Tampere tram network. The contract is an extension for the ongoing Alliance contract.

The Alliance parties will jointly design and build 0,7 km extension for the new tramline along the street Hatanpään valtatie and will involve rail services such as track, electro and groundwork. The work will commence in December 2019 and the project is scheduled for completion in September 2022.

The value of the contract is over 21 million and YIT’s share of the extension is approximately EUR 10 million.

For further information, please contact:

Jarkko Salmenoja, SVP, Traffic Infrastructure, tel. +358 40 356 7057, jarkko.salmenoja@yit.fi

Pirita Tiusanen, Communications Manager, YIT Corporation, tel. +358 44 240 9822, pirita.tiusanen@yit.fi

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, Baltic Countries, 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 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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