LEMMINKÄINEN CORPORATION INVESTOR NEWS 1 MARCH 2016 AT 09:15 A.M.
LEMMINKÄINEN TO EXECUTE THE EARTHWORKS AND EXCAVATION CONTRACT FOR THE OLYMPIC STADIUM RENOVATION
Lemminkäinen, the Stadium Foundation and HKR-Rakennuttaja have agreed on the earthworks and excavation contract for the Helsinki Olympic Stadium renovation. The work will start in March 2016 and be completed in August 2017. The value of the contract is approximately EUR 16.7 million.
The contract includes earthworks and open excavation outside the stadium, demolition and excavation on the stadium’s field area as well as demolition and supporting, excavation and structure support work inside the stadium building. The contract is part of the Olympic Stadium renovation and modernisation project that will be completed in 2019.
“Our work requires special expertise in excavation, foundation reinforcement and supporting of old structures. Excavation work, for instance, is very demanding as it is carried out right next to existing structures and partly also under these structures. Among other things, we go under the Sports Museum of Finland and the spectator structures in several locations,” says Harri Kailasalo, Executive Vice President, Infra projects at Lemminkäinen.
“The earthworks and excavation contract is a concrete start to the modernisation. The work that is carried out makes it possible for the stadium to step into a new era with facilities that meet the latest stadium requirements. Everyone is welcome to follow the project during 2016–2019 on the Olympic Stadium’s different communications channels,” says Maija Innanen, Managing Director of the Stadium Foundation.
Executive Vice President, Infra projects
Tel. +358 2071 53394
Nasdaq Helsinki Ltd
Lemminkäinen is an expert in complex infrastructure construction and building construction in Northern Europe and one of the largest paving companies in its market. Together with our customers and the 4,800 professionals we employ, we build a sustainable society. In 2015, our net sales were EUR 1.9 billion. Lemminkäinen Corporation’s share is quoted on Nasdaq Helsinki Ltd. www.lemminkainen.com