YIT has signed an agreement with Boliden on the expansion of a water basin in Gällivare, Nothern Sweden

YIT CORPORATION Press release July 9, 2018, at 9 a.m.

YIT and Boliden have signed an agreement on the expansion of a water basin to ensure future operation of a copper mine in Gällivare, Aitik, in Northern Sweden.

The construction work is scheduled to begin in May 2018 and will be completed in November 2020. The parties have agreed that the transaction value will not be published.

Under 3 years, YIT will build basins for water processing and move about 5 million m3 of soil and rock material. The project includes large mass displacement in a short period of time and dam construction with high quality requirements. YIT is responsible for construction management and quality assurance of the project. The project will ensure continued mining operations for the customer.

The project will be included in the order backlog in the third quarter of the year.

”We are looking forward to work together with Boliden again, now in a new project focusing on the dam constructions. We will benefit from our experience within the area and as a part of an international corporation, we can work flexibly and offer cost effective and sustainable solutions through right competence, innovations and the latest technique,” says Lars Stendius, YIT´s Senior Vice President of Infrastructure projects in Sweden.

Boliden Aitik is one of the largest copper mines in Europe.

For further information, please contact:

Lars Stendius, Senior Vice President,
Infrastructure projects, YIT, tel. +46 (0)7395 10 40

Arja Korhonen, Business Partner, YIT Corporation, tel. +358 40 5545 806, arja.korhonen@yit.fi

YIT is the biggest construction company in Finland and a major player in Northern Europe. We construct and develop apartments, business premises and entire residential areas. Furthermore, we are specialists in infrastructure construction and paving. Together with our customers, our 10,000 professionals create increasingly functional, appealing and sustainable cities and living environments. We have operations in 11 countries: Finland, Russia, Scandinavian and Baltic countries, the Czech Republic, Slovakia and Poland. The new YIT was created by the merger of YIT Corporation and Lemminkäinen Corporation, both over 100 years old, on February 1, 2018. In 2017, our pro forma revenue amounted to over EUR 3.8 billion. YIT Corporation’s share is listed on Nasdaq Helsinki. www.yitgroup.com