• Investor news
  • 19.05.2021 17:00 CET

The joint venture of YIT and Kreate have won the bridge works for Crown Bridges project

havainnekuva kruunusillat Kruunuvuorensilta

havainnekuva kruunusillat Kruunuvuorensilta

The City of Helsinki has chosen Kruunusillat joint venture to construct the bridges in the Crown Bridges project. Kruunusillat is a joint venture of YIT and Kreate Oy. The total value of the contract is approximately EUR 123 million, of which YIT’s share is approximately EUR 61,5 million. There is a EUR 3 million option which the City of Helsinki will decide later. The contract will be booked in the order book after the two week long appeal period. The work will start in the fall 2021 and is expected to be completed in 2025.

The joint venture will construct the longest bridge in Finland, 1200 meters long Kruunuvuorensilta, that connects Korkeasaari and Kruunuvuorenranta. The project also includes the construction of a bridge, Finkensilta, that connects Nihti and Korkeasaari, as well as preconstruction works in Korkeasaari. 

In addition, YIT is a part of the Crown Bridges alliance consortium that includes the City of Helsinki, Helsinki City Transport, NRC Group Finland Oy, Ramboll Finland Oy and Sitowise Oy. The alliance will construct the Crown Bridges railway that will connect the Laajasalo, Korkeasaari and Kalasatama districts to the centre of Helsinki with a 10-kilometre tramway.

For further information, please contact:
Aleksi Laine, Head of the Traffic Infrastructure Division, YIT, tel. +358 40 745 6536, aleksi.laine@yit.fi 
Tommi Järvenpää, Vice President, Investor Relations, YIT Corporation, tel. +358 (0)40 576 0288, tommi.jarvenpaa@yit.fi 
 
YIT CORPORATION  
 
Tommi Järvenpää 
Vice President, Investor Relations 
 
Distribution: Nasdaq Helsinki, major media, www.yitgroup.com 
 
YIT is the largest Finnish and a significant North European urban developer and construction company. Our goal is to create more sustainable, functional and attractive cities and living environments. We develop and build apartments, business premises and entire areas. We also specialise in demanding infrastructure construction. We own properties together with our partners, which supports the implementation of our significant development projects. We also provide our customers with services that increase the value of properties. We employ approximately 7,400 professionals in ten countries: Finland, Russia, Sweden, Norway, Estonia, Latvia, Lithuania, the Czech Republic, Slovakia and Poland. Our revenue in 2020 was approximately EUR 3.1 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy. www.yitgroup.com