YIT starts construction of part 2B of the Tampere Tram as part of the Tramway Alliance

YIT Corporation Investor news 23 December 2021 at 09:00 a.m.

Kuva/Picture: Tampereen Kaupunki

Kuva/Picture: Tampereen Kaupunki

YIT, as a party to the Tramway Alliance, starts the implementation of the Tampere Tram from Santalahti to Lentävänniemi. On 16 December 2021, the Supreme Administrative Court ruled on the appeal against the filling permit for Näsinsaari and work can start without delay once the related preparations have been completed; estimated to be in February 2022. Näsinsaari will be built on Lake Näsijärvi and connected to the land by bridges. A channel will be built between the island and the shore.

The Tampere tramway phase two will be operated by an alliance of YIT, NRC Group, Sweco and AFRY. The project is a follow-up to the Phase 1 and 2A orders. Work on Part 2A (Pyynikintori-Santalahti) started in 2020 and is expected to be completed by the end of 2023. The entire Part 2 (Pyynikintori-Lentävänniemi) is scheduled for completion at the end of 2024.

The full value of the Tampere tramway phase two is a total of EUR 112 million, of which YIT's share 2B, which is now starting, is approximately EUR 37 million and it will be included in the order book for the first quarter of the year 2022.

For further information:
Tommi Järvenpää, Vice President, Investor Relations, YIT Corporation, tel. +358 40 576 0288, tommi.jarvenpaa@yit.fi 
Pasi Tolppanen, Executive Vice President, Infrastructure segment, YIT, tel. +358 (0)40 5416 656, pasi.tolppanen@yit.fi 

YIT Corporation

Tommi Järvenpää
Vice President, Investor Relations

Distribution: Nasdaq Helsinki, major media, www.yitgroup.com 

YIT is the largest Finnish and a significant North European development and construction company with a strong customer focus and clear mission to create better living environments. We develop and build functional homes for sustainable living, future-proof public and commercial buildings and infrastructure for smoother flow of people, businesses and society. We employ 7,400 professionals in ten countries: Finland, Russia, Sweden, Norway, Estonia, Latvia, Lithuania, the Czech Republic, Slovakia and Poland. Our revenue in 2020 was EUR 3.1 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy. www.yitgroup.com