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YIT Corporation Investor News June 26, 2019 at 12:00 p.m.
YIT and Stockholm Vatten AB have signed an agreement on E2 tunnel works for the new wastewater tunnel in Stockholm, Sweden. The work will begin in January 2020. The value of the contract is approximately EUR 130 million. The project is booked in the order backlog of the second quarter in 2019.
The project is part of the development of Henriksdal wastewater treatment plant. YIT has been successfully working in Henriksdal since 2016 in different projects. The new contract covers tunneling works, concrete works, rock engineering for pumping stations and installation of pumping stations and pipelines. The main tunnel runs under the urban area between Bromma and Sickla in Stockholm and it will be approximately 14 kilometers long. YIT will construct 7.7 kilometers of the tunnel.
The Henriksdal wastewater treatment plant is the largest in Sweden and one of the largest in Europe. It serves approximately one million people and treats approximately 2/3 of the municipal wastewater of the Stockholm area. It is also one of the world’s largest wastewater treatment plants located inside rock.
For further information, please contact:
Tiina Kuusisaari, Investor Relations Manager, YIT Corporation, tel. +358 (0)40 528 8154, firstname.lastname@example.org
Harri Kailasalo, Executive Vice President, Infrastructure projects, YIT Corporation, tel. +358 400 401 538, email@example.com
Vice President, Investor Relations
Distribution: Nasdaq Helsinki, major media, www.yitgroup.com
YIT is the largest Finnish and significant North European construction company. We develop and build apartments and living services, business premises and entire areas. We are also specialised in demanding infrastructure construction and paving. Together with our customers, our nearly 10,000 professionals are creating more functional, attractive and sustainable cities and environments. We work in 11 countries: Finland, Russia, Scandinavia, the Baltic Countries, the Czech Republic, Slovakia and Poland. The new YIT was born when over 100-year-old YIT Corporation and Lemminkäinen Corporation merged on February 1, 2018. Our pro forma revenue for 2018 was approximately EUR 3.8 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy. www.yitgroup.com