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YIT Corporation Investor News June 26, 2020 at 1:00 p.m.
YIT and the Region Stockholm have agreed on a contract for a part of the metro extension at Sockenplan, Stockholm, Sweden. The construction work will begin in August 2020 and the construction period is approximately 2,5 years. The total value of the project is approximately EUR 40 million, and it will be entered in the order book of the second quarter of the year.
The project is part of a larger extension of the Stockholm metro system. Region Stockholm will expand the metro system with 11 new stations and approximately 22 kilometers of new track tunnels in the coming 10 years. The extension plan covers nearly 30 individual contracts and the value of the total investment plan is approximately EUR 2 billion.
Sockenplan is the southernmost section of the new blue line towards Söderort district connecting the existing Hagsätra line and the new blue line from Södermalm at Sockenplan. The contract comprises foundation works, concrete cut and cover tunnels and rock tunneling.
For further information, please contact:
Harri Kailasalo, Executive Vice President, Infrastructure projects segment, YIT Corporation, tel. +358 (0)40 040 1538, firstname.lastname@example.org
Tiina Kuusisaari, Investor Relations Manager, YIT Oyj, tel. +358 (0)40 528 8154, email@example.com
Vice President, Investor Relations
Distribution: NASDAQ Helsinki, major media, www.yitgroup.com
YIT is the largest Finnish and a significant North European construction company and urban developer. We develop and build apartments and living services, business premises and entire areas. We are also specialised in demanding infrastructure construction. Together with our customers, our nearly 8,000 professionals are creating more functional, attractive and sustainable cities and environments. We work in 10 countries: Finland, Russia, Sweden, Norway, the Baltic countries, Czech Republic, Slovakia and Poland. Our revenue in 2019 was approximately EUR 3.4 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy. www.yitgroup.com