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01.11.2019 08:00 CET
  • Investor news

YIT is a part of the chosen Crown Bridges alliance consortium

YIT CORPORATION Investor News November 1, 2019, at 9 am

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The City of Helsinki and Helsinki City Transport have selected a consortium consisting of YIT, NRC Group Finland Oy, Ramboll Finland Oy and Sitowise Oy as the alliance partner for the Crown Bridges project. The Crown Bridges project will connect the Laajasalo, Korkeasaari and Kalasatama districts to the centre of Helsinki with a 10-kilometre tramway.

The alliance development stage will begin in late 2019 and will take approximately 18 months. During this stage, the content and implementation of the alliance project will be planned and the planned budget and the implementation plan will be defined. After the development stage, a decision will be made about moving on to the implementation stage.

The construction of the Crown Bridges connection may begin in 2021 and the goal is to complete the construction in 2026. The total contract value for the alliance consortium is EUR 110–370 million, depending on the related projects.

For further information, please contact:

Harri Kailasalo Executive Vice President, Infrastructure projects segment, YIT Corporation, tel. +358 400 401 538, harri.kailasalo@yit.fi

Tiina Kuusisaari Investor Relations Manager, YIT Corporation, tel. +358 40 528 8154, tiina.kuusisaari@yit.fi

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, 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 restated pro forma revenue for 2018 was approximately EUR 3.2 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy. www.yitgroup.com 

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