YIT chosen as Espoo’s road maintenance provider
YIT and the Uusimaa Centre for Economic Development, Transport and the Environment (ELY centre) have signed a service contract for Espoo’s road maintenance. The total value of the contract is approximately EUR 30 million and it includes over 700 kilometres of roads requiring maintenance. The contract is effective from October 2014 and the agreement has been made for five years. In the Espoo’s regional contract, a new maintenance management model will be piloted due to the project’s diversity and extremely demanding management priority classification.
“The contract covers some of the country’s most important road network, including some central routes in the metropolitan area. For YIT the contract offers an opportunity to utilize the know-how on demanding road maintenance, and the collective decision making according to the new maintenance management model enables fluent co-operation with the customer”, says Timo Paavilainen, Head of Unit from YIT.
”We expect that the maintenance management contract will provide us with a new, flexible operating model and rapid responses to changing situations in road maintenance. With the new method, we can ensure high-quality daily traffic flow,” says General Director Rita Piirainen from the Uusimaa Centre for Economic Development, Transport and the Environment.
YIT has also been chosen as the maintenance provider for the regional contracts in Mikkeli, Salo and Kuhmo. The above-mentioned contract agreements will be signed and included in the order backlog during the third quarter of 2014 after the appeal period has expired. The contracts with Espoo and Kuhmo are continuing contracts. The contracts with Mikkeli and Salo are new contracts.
For additional information, please contact:
Sanna Kaje, Vice President, Investor Relations, YIT Corporation, tel. +358 50 390 6750, firstname.lastname@example.org
Timo Paavilainen, Head of Unit, YIT Construction Ltd, Tel. +358 400 569 106, email@example.com
Vice President, Investor Relations
Distribution: NASDAQ OMX, principal media, www.yitgroup.com
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 2013, our revenue amounted to nearly EUR 1.9 billion. Our share is listed on Nasdaq OMX Helsinki. www.yitgroup.com