LEMMINKÄINEN CORPORATION INVESTOR NEWS 20 JUNE 2017 AT 12:00 PM
LEMMINKÄINEN TO BUILD A WELL-BEING CENTRE IN SODANKYLÄ, FINLAND, USING THE PPP MODEL
Lemminkäinen and the municipality of Sodankylä have signed an agreement on the construction of a well-being centre in Sodankylä. Construction will begin in August 2017 and the centre will be completed by the end of 2019. The total value of the project is approximately EUR 33 million.
The contract includes the design and construction of the well-being centre’s buildings. Lemminkäinen will also be responsible for the buildings’ maintenance, upkeep, user services and basic renovation investments during the service contract for the service period of 20 years.
The well-being centre will be the centralised location for the Sodankylä emergency clinic, laboratory and radiology departments, dentistry facilities, observation and rehabilitation departments, child welfare clinic and family service centre. The centre will also include general facilities such as a restaurant, group exercise studio and conference rooms that can be rented to local people and businesses in the evenings. The total floor area of the building is approximately 6,800 square metres.
“The PPP model is an economically advantageous solution for the municipality both in terms of investment and utility costs. The well-being centre will enable a new operating model for social and health services. The different functions will operate in close proximity to each other, which makes it easier for them to cooperate and share resources when necessary,” says Matias Yliriesto, Technical Director at the municipality of Sodankylä.
Lemminkäinen has completed three PPP construction projects in Northern Finland in recent years: the Kastelli community centre in Oulu, a timber school campus in Pudasjärvi and an assisted living facility also in Pudasjärvi. Lemminkäinen currently has 18 PPP construction projects underway in Finland: Kuopio, Oulu, Pudasjärvi, Karttula, Parkano, Porvoo and Hollola.
Executive Vice President, Building construction, Finland
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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 4,700 professionals we employ, we build a sustainable society. In 2016, our net sales were EUR 1.7 billion. Lemminkäinen Corporation’s share is quoted on Nasdaq Helsinki Ltd. www.lemminkainen.com