• Investor news
  • 20.12.2013 08:00 CET

YIT awarded yet another West Metro Extension construction contract

INVESTOR NEWS 20 December 2013 at 9:00 am

 

YIT awarded yet another West Metro Extension construction contract

YIT has won the competitive bidding arranged by Länsimetro Oy on the construction contract of the Matinkylä–Urheilupuisto rail line. The total value of the contract is approximately EUR 14 million. Construction will begin in December 2013 and is estimated to be completed in January 2015.

Of all the operators involved in the West Metro Extension, YIT has carried out the largest number of contracts related to the project. This particular contract is already the ninth for YIT. This technically demanding contract consists of the construction of three technical and emergency exit shafts approximately 40 metres deep, 12 connecting tunnels, two pumping stations and the post-excavation construction work for 2.6 kilometres of rail line tunnels, among other things. Reconciliation of different phases in cramped tunnel conditions makes the logistics of the project particularly challenging.

“The West Metro Extension contracts are good examples of YIT’s broad project management competence. Especially when working in challenging conditions, a good team spirit and jointly agreed goals and rules contribute to the achievement of a high-quality outcome. Seamless co-operation between different parties is crucial for the success of the entire project,” says Anne Piiparinen, Vice President at YIT.

For further information, please contact:

Sanna Kaje, Vice President, Investor Relations, YIT Corporation, tel. +358 50 390 6750, sanna.kaje@yit.fi
Anne Piiparinen, Vice President, Structural Engineering, YIT Construction Ltd, tel. +358 40 823 2808, anne.piiparinen@yit.fi
 

YIT is a construction industry leader. We create better living environments in Finland, Russia, the Baltic countries, the Czech Republic and Slovakia. Over 100 years of experience have secured for us a strong market position: We are the largest housing developer and one of the largest business premises and infrastructure developers in Finland, and the most significant foreign housing and area developer in Russia.  Our vision is to stay one step ahead – while caring for our customers, partners and personnel. We have more than 6,000 employees in seven countries. In 2012, our revenue amounted to approximately EUR 2 billion. Our share is listed on Nasdaq OMX Helsinki. www.yitgroup.com.